Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Community Bank N.A.

Community Bank N.A. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,640 shares of the restaurant operator’s stock after buying an additional 3,320 shares during the period. Community Bank N.A.’s holdings in Chipotle Mexican Grill were worth $1,215,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $753,000. Advisors Asset Management Inc. raised its stake in shares of Chipotle Mexican Grill by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period. Hilltop National Bank purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $2,579,000. Finally, Banco Santander S.A. raised its stake in shares of Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after purchasing an additional 10,246 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday. Citigroup dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Finally, Barclays dropped their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.31.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $40.91 on Tuesday. The company has a market cap of $54.85 billion, a PE ratio of 36.52, a P/E/G ratio of 2.04 and a beta of 0.99. The company has a fifty day moving average price of $41.15 and a two-hundred day moving average price of $47.55. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.