M&T Bank Corp Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

M&T Bank Corp lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 237,443 shares of the restaurant operator's stock after selling 8,829 shares during the period. M&T Bank Corp's holdings in Chipotle Mexican Grill were worth $11,921,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $25,000. HighMark Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on CMG. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Loop Capital dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.04.

Insider Buying and Selling

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Up 1.4%

Shares of NYSE CMG traded up $0.79 during midday trading on Thursday, reaching $56.73. 3,558,752 shares of the company's stock traded hands, compared to its average volume of 12,705,234. The company has a market cap of $76.44 billion, a price-to-earnings ratio of 50.26, a P/E/G ratio of 2.75 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74. The stock's 50 day simple moving average is $52.37 and its 200-day simple moving average is $53.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter last year, the company posted $13.37 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict 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.