Coastline Trust Co Has $242,000 Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Coastline Trust Co reduced its holdings in Chipotle Mexican Grill by 81.1%, now owning 4,314 shares valued at approximately $242,000 after selling 18,550 shares in the second quarter.
• Multiple institutional investors, including Signature Resources and Saudi Central Bank, have acquired new stakes in Chipotle, contributing to 91.30% of the company's stock being owned by institutional investors.
• Analysts have recently upgraded Chipotle's stock ratings, with BMO Capital Markets raising the target price from $56.00 to $65.00, reflecting a positive outlook for the company.

Coastline Trust Co decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 81.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,314 shares of the restaurant operator's stock after selling 18,550 shares during the quarter. Coastline Trust Co's holdings in Chipotle Mexican Grill were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill in the second quarter worth $28,000. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $29,000. 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Finally, Saudi Central Bank acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Institutional investors own 91.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their target price for the company from $56.00 to $65.00 in a research note on Friday, July 18th. UBS Group lifted their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $40.06 on Friday. The company has a market capitalization of $53.72 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.04 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The company has a 50-day moving average of $42.47 and a 200-day moving average of $48.24.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for 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 for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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