Caldwell Trust Co Trims Position in Chipotle Mexican Grill, Inc. $CMG

Caldwell Trust Co trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 87.8% during the 1st quarter, Holdings Channel reports. The firm owned 3,696 shares of the restaurant operator’s stock after selling 26,490 shares during the period. Caldwell Trust Co’s holdings in Chipotle Mexican Grill were worth $118,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $25,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $25,000. MV Capital Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $26,000. Osbon Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $28,000. Finally, Winthrop Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $31,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CMG. Weiss Ratings upgraded Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Finally, DA Davidson began coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price objective on the stock. Twenty-three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.10.

Chipotle Mexican Grill Stock Up 0.1%

Shares of NYSE:CMG opened at $33.37 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $58.42. The stock has a market capitalization of $42.80 billion, a P/E ratio of 30.61, a PEG ratio of 2.15 and a beta of 0.99. The firm has a fifty day simple moving average of $32.37 and a two-hundred day simple moving average of $35.09.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

About Chipotle Mexican Grill

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.