Community Trust & Investment Co. Has $9.21 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Community Trust & Investment Co. increased its stake in Chipotle Mexican Grill by 6.0%, owning 164,089 shares valued at approximately $9.2 million following additional purchases in the second quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Chipotle, with a price target averaging around $59.76, amid various upgrades and downgrades from different firms.
• Chipotle reported a quarterly EPS of $0.33, slightly beating expectations, while revenue came in at $3.06 billion, below analyst forecasts, indicating a 3.0% year-over-year revenue growth.

Community Trust & Investment Co. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,089 shares of the restaurant operator's stock after acquiring an additional 9,280 shares during the quarter. Community Trust & Investment Co.'s holdings in Chipotle Mexican Grill were worth $9,214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. Wealth Enhancement Advisory Services LLC lifted its holdings in Chipotle Mexican Grill by 6.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 396,506 shares of the restaurant operator's stock worth $22,629,000 after purchasing an additional 23,074 shares during the period. Swedbank AB lifted its holdings in Chipotle Mexican Grill by 1.3% in the second quarter. Swedbank AB now owns 704,433 shares of the restaurant operator's stock worth $39,554,000 after purchasing an additional 9,263 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in Chipotle Mexican Grill in the second quarter worth about $442,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Chipotle Mexican Grill by 1.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 162,398 shares of the restaurant operator's stock worth $9,119,000 after purchasing an additional 3,082 shares during the period. Finally, KMG Fiduciary Partners LLC lifted its holdings in Chipotle Mexican Grill by 84.9% in the second quarter. KMG Fiduciary Partners LLC now owns 138,267 shares of the restaurant operator's stock worth $7,764,000 after purchasing an additional 63,470 shares during the period. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG traded up $0.88 on Monday, hitting $40.20. 27,372,784 shares of the company were exchanged, compared to its average volume of 19,852,148. The company's 50 day moving average price is $43.59 and its 200-day moving average price is $48.52. The firm has a market capitalization of $53.90 billion, a P/E ratio of 35.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02. 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 quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business'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. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMG. Melius began coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. Raymond James Financial reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Barclays dropped their price target 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. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.76.

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.