Chipotle Mexican Grill, Inc. $CMG Shares Sold by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA reduced its holdings in Chipotle Mexican Grill by 27.8%, now owning 18,700 shares valued at approximately $1,050,000.
• Chipotle's stock price declined 1.1%, with a current opening price at $39.69 and a market cap of $53.22 billion.
• Analysts have raised price targets for Chipotle, with UBS increasing it from $60.00 to $65.00 while overall sentiment remains a Moderate Buy among 31 analysts.

CHICAGO TRUST Co NA lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 27.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,700 shares of the restaurant operator's stock after selling 7,200 shares during the quarter. CHICAGO TRUST Co NA's holdings in Chipotle Mexican Grill were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $753,000. Advisors Asset Management Inc. grew its stake in shares of Chipotle Mexican Grill by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock worth $3,784,000 after purchasing an additional 18,458 shares during the period. Banco Santander S.A. grew its stake in shares of Chipotle Mexican Grill by 47.6% during the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after purchasing an additional 10,246 shares during the period. Finally, Community Trust & Investment Co. acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $7,773,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.1%

Shares of Chipotle Mexican Grill stock opened at $39.69 on Wednesday. The business's fifty day simple moving average is $43.31 and its 200-day simple moving average is $48.46. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The firm has a market cap of $53.22 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the firm earned $0.34 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Wednesday, September 3rd. Piper Sandler upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Guggenheim dropped their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Two research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.76.

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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