45,931 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Hilltop National Bank

Hilltop National Bank bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 45,931 shares of the restaurant operator's stock, valued at approximately $2,579,000.

Several other hedge funds have also added to or reduced their stakes in the business. E. Ohman J or Asset Management AB boosted its position in Chipotle Mexican Grill by 0.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock worth $3,326,000 after buying an additional 194 shares during the period. Occidental Asset Management LLC raised its holdings in Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator's stock worth $407,000 after purchasing an additional 195 shares during the last quarter. Perennial Advisors LLC raised its holdings in Chipotle Mexican Grill by 3.1% during the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator's stock worth $374,000 after purchasing an additional 200 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc raised its holdings in Chipotle Mexican Grill by 0.6% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 37,111 shares of the restaurant operator's stock worth $2,084,000 after purchasing an additional 215 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. BTIG Research restated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Stifel Nicolaus lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, September 9th. Guggenheim lowered their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, Stephens restated an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $59.41.

Chipotle Mexican Grill Stock Up 3.3%

NYSE:CMG opened at $40.25 on Friday. The company has a fifty day moving average of $41.57 and a 200-day moving average of $47.98. The firm has a market capitalization of $53.97 billion, a P/E ratio of 35.94, a P/E/G ratio of 1.98 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

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