Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 154,809 shares of the restaurant operator's stock, valued at approximately $7,773,000.
Other large investors have also modified their holdings of the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $38,000. Mascagni Wealth Management Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Sierra Ocean LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.
Chipotle Mexican Grill Stock Performance
CMG stock traded up $2.28 during trading on Monday, reaching $52.52. 15,163,074 shares of the company were exchanged, compared to its average volume of 13,408,711. The stock's 50 day moving average price is $50.38 and its 200 day moving average price is $54.22. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The company has a market cap of $70.76 billion, a P/E ratio of 47.30, a PEG ratio of 2.04 and a beta of 1.06.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $13.37 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.
Insider Activity at Chipotle Mexican Grill
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 transaction, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities analysts recently commented on CMG shares. Evercore ISI dropped their target price 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. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Stephens reiterated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. UBS Group reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.
Read Our Latest Stock Report on Chipotle Mexican Grill
About Chipotle Mexican Grill
(
Free Report)
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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