First Citizens Bank & Trust Co. Has $393,000 Position in Chipotle Mexican Grill, Inc. $CMG

First Citizens Bank & Trust Co. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 90.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,284 shares of the restaurant operator’s stock after selling 123,158 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Chipotle Mexican Grill were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMG. Klein Pavlis & Peasley Financial Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $1,597,000. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $711,837,000. Focus Partners Advisor Solutions LLC grew its holdings in shares of Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after buying an additional 35,589 shares during the period. Marsico Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 234.4% in the 4th quarter. Marsico Capital Management LLC now owns 380,677 shares of the restaurant operator’s stock valued at $14,085,000 after buying an additional 266,835 shares during the period. Finally, BW Gestao de Investimentos Ltda. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $2,890,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen reaffirmed a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Guggenheim lowered their price target on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. BNP Paribas Exane lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, May 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Chipotle Mexican Grill Price Performance

CMG opened at $31.79 on Friday. The business’s 50-day moving average price is $32.62 and its two-hundred day moving average price is $34.74. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $47.18. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.09 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.