Chipotle Mexican Grill, Inc. $CMG Stake Trimmed by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,038 shares of the restaurant operator’s stock after selling 15,363 shares during the period. Trust Co. of Toledo NA OH’s holdings in Chipotle Mexican Grill were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $25,000. Lavaca Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $34,000. Evolution Wealth Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $26,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $33.16 on Friday. The company has a 50 day moving average of $35.92 and a two-hundred day moving average of $36.72. The company has a market cap of $43.19 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.03 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 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 business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the company posted $0.25 EPS. Chipotle Mexican Grill’s revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Barclays lowered their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Finally, Piper Sandler reduced their price objective on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $47.13.

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.