Chipotle Mexican Grill, Inc. $CMG Shares Sold by TOWER TRUST & INVESTMENT Co

TOWER TRUST & INVESTMENT Co cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,846 shares of the restaurant operator’s stock after selling 847 shares during the period. Chipotle Mexican Grill comprises about 1.8% of TOWER TRUST & INVESTMENT Co’s investment portfolio, making the stock its 11th biggest holding. TOWER TRUST & INVESTMENT Co’s holdings in Chipotle Mexican Grill were worth $2,574,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CMG. Nuveen LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $535,023,000. Goldman Sachs Group Inc. grew its stake in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after acquiring an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. grew its stake in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after acquiring an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Chipotle Mexican Grill in the first quarter worth about $127,892,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen reiterated a “buy” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Stifel Nicolaus decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. TD Securities reiterated a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. UBS Group lifted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, Citigroup decreased their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.76.

Chipotle Mexican Grill Stock Up 1.9%

Shares of NYSE CMG opened at $40.06 on Friday. The firm’s 50-day moving average price is $42.47 and its two-hundred day moving average price is $48.25. The stock has a market capitalization of $53.72 billion, a P/E ratio of 35.77, a P/E/G 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.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.