Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Trust Co of the South

Trust Co of the South lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,500 shares of the restaurant operator’s stock after purchasing an additional 7,350 shares during the period. Trust Co of the South’s holdings in Chipotle Mexican Grill were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CMG. Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $805,529,000. International Assets Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 220,249.6% during the fourth quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock worth $6,903,850,000 after buying an additional 301,742 shares in the last quarter. Appleton Partners Inc. MA increased its stake in shares of Chipotle Mexican Grill by 4,779.9% during the second quarter. Appleton Partners Inc. MA now owns 210,225 shares of the restaurant operator’s stock worth $13,171,000 after buying an additional 205,917 shares during the period. Global Assets Advisory LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $167,256,000. Finally, GP Brinson Investments LLC lifted its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. GP Brinson Investments LLC now owns 50,000 shares of the restaurant operator’s stock worth $3,132,000 after acquiring an additional 49,000 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.89 during mid-day trading on Friday, hitting $52.57. The stock had a trading volume of 15,098,096 shares, compared to its average volume of 20,729,226. The company’s 50-day simple moving average is $124.32 and its 200-day simple moving average is $80.02. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The firm has a market cap of $71.99 billion, a PE ratio of 56.09, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $12.65 earnings per share. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. TD Cowen cut their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays lowered their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Morgan Stanley raised their target price on Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, Guggenheim boosted their target price on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $62.88.

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.