Midwest Trust Co Sells 39,232 Shares of Chipotle Mexican Grill, Inc. $CMG

Midwest Trust Co cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,805 shares of the restaurant operator’s stock after selling 39,232 shares during the period. Midwest Trust Co’s holdings in Chipotle Mexican Grill were worth $6,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Salomon & Ludwin LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $26,000. Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $28,000. Activest Wealth Management increased its holdings in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $38.43 on Wednesday. The firm’s fifty day moving average price is $37.98 and its 200-day moving average price is $38.59. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The stock has a market cap of $50.05 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMG. Mizuho reduced their target price on Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Sanford C. Bernstein lifted their price objective on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.24.

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.