Community Trust & Investment Co. Has $4.84 Million Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Community Trust & Investment Co. cut its stake in Chipotle by 25.1% in Q4, selling 43,824 shares and ending the period with 130,841 shares worth about $4.84 million, while institutional investors collectively own 91.3% of CMG with large positions held by Vanguard, Capital World Investors and others.
• Chipotle posted a slight quarterly beat (EPS $0.25 vs. $0.24; revenue $2.98B, up 4.9% y/y), trades near the mid-$30s with a market cap of ~$43.4B and a P/E of 29.3, and carries a consensus "Moderate Buy" analyst rating with an average target of $47.47 (24 Buys, 10 Holds, 1 Sell).

Community Trust & Investment Co. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,841 shares of the restaurant operator's stock after selling 43,824 shares during the period. Community Trust & Investment Co.'s holdings in Chipotle Mexican Grill were worth $4,841,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator's stock worth $4,935,092,000 after buying an additional 2,470,213 shares during the last quarter. Capital World Investors grew its stake in Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator's stock valued at $3,442,645,000 after buying an additional 48,398,628 shares during the last quarter. Capital International Investors grew its stake in Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator's stock valued at $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Chipotle Mexican Grill by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator's stock worth $1,859,211,000 after acquiring an additional 606,190 shares during the period. Finally, Norges Bank bought a new position in Chipotle Mexican Grill in the 2nd quarter worth $1,001,668,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $33.36 on Tuesday. The company's fifty day moving average is $37.34 and its two-hundred day moving average is $37.14. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The firm has a market capitalization of $43.44 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.05 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CMG shares. Weiss Ratings restated a "hold (c-)" rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Raymond James Financial lifted their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Wednesday, February 4th. Gordon Haskett downgraded Chipotle Mexican Grill from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 8th. Finally, Mizuho raised Chipotle Mexican Grill from a "neutral" rating to an "outperform" rating and raised their target price for the company from $37.00 to $40.00 in a report on Friday. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.47.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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