Midwest Trust Co Sells 128,246 Shares of Chipotle Mexican Grill, Inc. $CMG

Midwest Trust Co cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 75.9% in the first quarter, Holdings Channel reports. The firm owned 40,654 shares of the restaurant operator’s stock after selling 128,246 shares during the quarter. Midwest Trust Co’s holdings in Chipotle Mexican Grill were worth $1,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $224,000. Empowered Funds LLC increased its stake in shares of Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after acquiring an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after acquiring an additional 129,066 shares during the period. Institutional investors own 91.30% of the company’s stock.

Key Headlines Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $36.68 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $55.75. The stock has a market capitalization of $47.05 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. The business’s 50-day simple moving average is $32.42 and its 200-day simple moving average is $34.97.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CMG shares. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Raymond James Financial cut their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Twenty-three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $44.59.

Check Out Our Latest Stock Report on CMG

Chipotle Mexican Grill Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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