Glenview Trust Co Has $2.63 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Glenview Trust Co cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 70,985 shares of the restaurant operator’s stock after selling 21,927 shares during the quarter. Glenview Trust Co’s holdings in Chipotle Mexican Grill were worth $2,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Revolve Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Centurion Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 3.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 260 shares during the last quarter. City State Bank raised its holdings in shares of Chipotle Mexican Grill by 13.4% in the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 275 shares during the last quarter. Cromwell Holdings LLC raised its holdings in shares of Chipotle Mexican Grill by 7.4% in the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 295 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after purchasing an additional 298 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.1%

Shares of CMG opened at $32.84 on Tuesday. The company’s fifty day simple moving average is $33.33 and its 200 day simple moving average is $35.25. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The company has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.12 and a beta of 1.03.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Citigroup boosted their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Cowen restated a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Finally, Barclays lowered their target price on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

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.