Keybank National Association OH Sells 10,940 Shares of Chipotle Mexican Grill, Inc. $CMG

Keybank National Association OH reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the second quarter, HoldingsChannel.com reports. The firm owned 194,967 shares of the restaurant operator’s stock after selling 10,940 shares during the period. Keybank National Association OH’s holdings in Chipotle Mexican Grill were worth $10,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Premier Path Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 20.9% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 7,667 shares of the restaurant operator’s stock worth $431,000 after purchasing an additional 1,324 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Chipotle Mexican Grill by 5.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 37,811 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 2,045 shares in the last quarter. World Investment Advisors increased its holdings in Chipotle Mexican Grill by 4.2% during the 2nd quarter. World Investment Advisors now owns 156,646 shares of the restaurant operator’s stock worth $8,796,000 after purchasing an additional 6,301 shares in the last quarter. Econ Financial Services Corp increased its holdings in Chipotle Mexican Grill by 0.9% during the 2nd quarter. Econ Financial Services Corp now owns 39,216 shares of the restaurant operator’s stock worth $2,202,000 after purchasing an additional 336 shares in the last quarter. Finally, Whalen Wealth Management Inc. bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $1,062,000. 91.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Melius assumed coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a “hold” rating and a $60.00 price objective for the company. Citigroup cut their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday. Mizuho set a $34.00 target price on Chipotle Mexican Grill in a research note on Thursday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $50.97.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $32.61 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $31.01 and a one year high of $66.74. The company has a 50-day simple moving average of $40.60 and a two-hundred day simple moving average of $46.79. The firm has a market capitalization of $43.73 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.