Park National Corp OH Has $27.39 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Park National Corp OH increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545,453 shares of the restaurant operator's stock after acquiring an additional 67,669 shares during the quarter. Park National Corp OH's holdings in Chipotle Mexican Grill were worth $27,387,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $371,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC lifted its stake in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares during the period. Vinva Investment Management Ltd lifted its stake in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $715,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.8%

Shares of NYSE:CMG traded up $0.39 during trading on Friday, hitting $50.12. 14,823,367 shares of the company were exchanged, compared to its average volume of 13,504,044. The stock has a market cap of $67.53 billion, a price-to-earnings ratio of 45.15, a P/E/G ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm has a fifty day moving average price of $50.04 and a two-hundred day moving average price of $54.95.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $13.37 EPS. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of analyst reports. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Wedbush cut their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. TD Securities cut their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, KeyCorp dropped their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.60.

About Chipotle Mexican Grill

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.