UMB Bank n.a. Sells 7,502 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• UMB Bank n.a. has reduced its stake in Chipotle Mexican Grill by 25.1%, selling 7,502 shares and retaining a total of 22,399 shares valued at approximately $1.26 million.
• Several institutional investors have recently shown interest in Chipotle, with 91.30% of the stock owned by such investors, indicating strong institutional backing for the company.
• Chipotle's quarterly earnings report showed a slight earnings per share beat at $0.33, though revenue of $3.06 billion fell short of the consensus estimate, reflecting a 3.0% year-over-year increase.

UMB Bank n.a. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,399 shares of the restaurant operator's stock after selling 7,502 shares during the quarter. UMB Bank n.a.'s holdings in Chipotle Mexican Grill were worth $1,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $25,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $27,000. HighMark Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $29,000. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Barclays lowered their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. TD Securities reiterated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. JPMorgan Chase & Co. reduced their target price 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. Finally, Truist Financial cut their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill Stock Performance

CMG opened at $39.30 on Monday. The firm has a market cap of $52.70 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The business's fifty day moving average is $43.88 and its 200-day moving average is $48.59.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during 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%.Chipotle Mexican Grill's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.

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