First County Bank CT Acquires Shares of 29,754 Chipotle Mexican Grill, Inc. (NYSE:CMG)

First County Bank CT bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,754 shares of the restaurant operator's stock, valued at approximately $1,494,000.

A number of other institutional investors have also modified their holdings of CMG. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. U.S. Capital Wealth Advisors LLC grew its position in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Vinva Investment Management Ltd grew its position in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at $715,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on CMG shares. TD Securities decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, UBS Group decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Trading Up 0.8%

Shares of NYSE CMG traded up $0.39 on Friday, reaching $50.12. 14,823,367 shares of the company traded hands, compared to its average volume of 13,497,743. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a 50 day moving average of $50.04 and a 200 day moving average of $54.92. The stock has a market capitalization of $67.53 billion, a PE ratio of 45.15, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm 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 was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.37 EPS. As a group, research 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.