Community Bank N.A. Purchases 8,375 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Community Bank N.A. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 84.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,320 shares of the restaurant operator's stock after acquiring an additional 8,375 shares during the period. Community Bank N.A.'s holdings in Chipotle Mexican Grill were worth $920,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $38,000. Mascagni Wealth Management Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. Sierra Ocean LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 625 shares during the period. 91.31% of the stock is owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMG. UBS Group decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Evercore ISI cut their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. TD Securities lowered their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Barclays dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.37.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $51.39 on Wednesday. The firm has a market capitalization of $69.24 billion, a price-to-earnings ratio of 45.48, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The business's 50 day moving average price is $50.52 and its 200-day moving average price is $54.14.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the business posted $13.37 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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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