75,506 Chipotle Mexican Grill, Inc. $CMG Shares Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 160.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,420 shares of the restaurant operator’s stock after purchasing an additional 75,506 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Chipotle Mexican Grill were worth $3,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Chipotle Mexican Grill during the second quarter worth about $4,417,475,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Chipotle Mexican Grill by 19.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock valued at $527,469,000 after buying an additional 2,727,762 shares during the last quarter. Amundi lifted its position in shares of Chipotle Mexican Grill by 23.3% in the first quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock valued at $383,486,000 after buying an additional 2,266,087 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Chipotle Mexican Grill by 86.1% during the 1st quarter. Bank of America Corp DE now owns 11,973,752 shares of the restaurant operator’s stock worth $383,280,000 after acquiring an additional 5,541,385 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Chipotle Mexican Grill by 30.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator’s stock worth $368,751,000 after acquiring an additional 2,541,795 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock traded down $0.21 during midday trading on Wednesday, reaching $30.69. 12,812,816 shares of the stock were exchanged, compared to its average volume of 17,398,629. The stock has a market capitalization of $38.84 billion, a PE ratio of 28.16, a P/E/G ratio of 1.89 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.81. The company has a fifty day moving average price of $34.69 and a 200 day moving average price of $33.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens restated a “positive” rating and set a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Robert W. Baird restated a “neutral” rating and set a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a report on Monday, August 24th. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Finally, Citigroup decreased their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $43.91.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.