Citizens & Northern Corp Sells 9,067 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Citizens & Northern Corp reduced its Chipotle Mexican Grill holdings by 15.8% in Q2, now owning 48,493 shares valued at approximately $2.7 million.
• Institutional investors own 91.30% of Chipotle's stock, indicating strong interest in the company from larger investment firms.
• Chipotle's stock recently reported a 1.8% increase, with a 12-month low of $38.30 and a high of $66.74.

Citizens & Northern Corp reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,493 shares of the restaurant operator's stock after selling 9,067 shares during the period. Chipotle Mexican Grill accounts for about 0.7% of Citizens & Northern Corp's investment portfolio, making the stock its 25th largest holding. Citizens & Northern Corp's holdings in Chipotle Mexican Grill were worth $2,723,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. grew its stake in shares of Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after buying an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the last quarter. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Up 1.8%

CMG opened at $42.37 on Wednesday. The stock has a market capitalization of $56.81 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.52 and a beta of 0.99. The firm has a 50 day moving average price of $41.10 and a 200-day moving average price of $47.22. 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 posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm's revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CMG shares. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Evercore ISI dropped their price target on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 7th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price objective for the company in a research note on Wednesday, September 3rd. Finally, TD Cowen reiterated a "buy" rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.03.

Chipotle Mexican Grill Company 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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