Private Trust Co. NA Has $1.80 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Private Trust Co. NA lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 32,026 shares of the restaurant operator’s stock after purchasing an additional 1,257 shares during the period. Private Trust Co. NA’s holdings in Chipotle Mexican Grill were worth $1,798,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sage Private Wealth Group LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $454,000. S Bank Fund Management Ltd raised its position in shares of Chipotle Mexican Grill by 16.2% during the second quarter. S Bank Fund Management Ltd now owns 10,199 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 1,424 shares during the period. Activest Wealth Management raised its position in shares of Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the period. Mutual Advisors LLC raised its position in shares of Chipotle Mexican Grill by 2.8% during the second quarter. Mutual Advisors LLC now owns 21,744 shares of the restaurant operator’s stock worth $1,221,000 after purchasing an additional 602 shares during the period. Finally, Generali Asset Management SPA SGR raised its position in shares of Chipotle Mexican Grill by 104.1% during the second quarter. Generali Asset Management SPA SGR now owns 90,777 shares of the restaurant operator’s stock worth $5,097,000 after purchasing an additional 46,293 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their target price on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays lowered their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Finally, KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $57.55.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $41.93 on Friday. The company has a market capitalization of $56.22 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.52 and a beta of 0.99. The business has a fifty day moving average price of $41.11 and a two-hundred day moving average price of $47.35. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.