Park National Corp OH Decreases Stake in Chipotle Mexican Grill, Inc. $CMG

Park National Corp OH reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 81,823 shares of the restaurant operator’s stock after selling 114,400 shares during the period. Park National Corp OH’s holdings in Chipotle Mexican Grill were worth $3,027,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CMG. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after purchasing an additional 2,470,213 shares during the period. Capital World Investors boosted its holdings in Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares during the period. Capital International Investors grew its stake in Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after buying an additional 11,471,658 shares in the last quarter. Alliancebernstein L.P. grew its stake in Chipotle Mexican Grill by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock valued at $1,859,211,000 after buying an additional 606,190 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock valued at $1,193,618,000 after acquiring an additional 595,038 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 1.0%

Shares of NYSE CMG opened at $32.96 on Friday. The firm has a market capitalization of $42.93 billion, a P/E ratio of 28.92, a P/E/G ratio of 2.00 and a beta of 1.00. The stock’s 50-day simple moving average is $37.61 and its two-hundred day simple moving average is $37.32. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company posted $0.25 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of analyst reports. Gordon Haskett lowered Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Truist Financial raised their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, Barclays decreased their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.37.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.