Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Legacy Private Trust Co.

Legacy Private Trust Co. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,586 shares of the restaurant operator's stock after acquiring an additional 5,415 shares during the period. Legacy Private Trust Co.'s holdings in Chipotle Mexican Grill were worth $2,289,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Mascagni Wealth Management Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded down $0.40 during trading on Monday, hitting $49.68. 7,111,731 shares of the stock were exchanged, compared to its average volume of 12,791,044. The firm's 50-day moving average price is $50.04 and its 200 day moving average price is $54.88. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 44.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stephens reissued an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Finally, Truist Financial dropped their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Nine equities research 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 company's stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $61.60.

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.