Chipotle Mexican Grill, Inc. $CMG Holdings Boosted by Wesbanco Bank Inc.

Wesbanco Bank Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,579.7% in the third quarter, HoldingsChannel.com reports. The fund owned 79,734 shares of the restaurant operator’s stock after buying an additional 74,987 shares during the quarter. Wesbanco Bank Inc.’s holdings in Chipotle Mexican Grill were worth $3,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sarasin & Partners LLP boosted its position in shares of Chipotle Mexican Grill by 1.1% in the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock worth $102,348,000 after buying an additional 27,366 shares during the period. Rexford Capital Inc. raised its position in Chipotle Mexican Grill by 3,266.1% during the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after buying an additional 14,240 shares during the period. Union Bancaire Privee UBP SA lifted its stake in Chipotle Mexican Grill by 76.3% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after acquiring an additional 154,512 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Chipotle Mexican Grill by 7.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock worth $145,793,000 after acquiring an additional 171,466 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its position in Chipotle Mexican Grill by 5.1% during the 2nd quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock worth $16,096,000 after acquiring an additional 14,037 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 2.9%

CMG stock opened at $38.43 on Wednesday. The firm has a market cap of $50.05 billion, a PE ratio of 33.71, a PEG ratio of 2.42 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The company has a fifty day simple moving average of $37.98 and a 200 day simple moving average of $38.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada decreased their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Evercore reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.24.

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.