Field & Main Bank Decreases Stake in Chipotle Mexican Grill, Inc. $CMG

Field & Main Bank trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,210 shares of the restaurant operator’s stock after selling 455 shares during the period. Field & Main Bank’s holdings in Chipotle Mexican Grill were worth $461,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth approximately $27,000. 1248 Management LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $28,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $29,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CMG shares. Citigroup reduced their price objective on 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. BTIG Research restated a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Truist Financial cut their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Robert W. Baird lowered their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.58.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $39.77 on Thursday. The business’s 50 day simple moving average is $40.81 and its 200-day simple moving average is $46.89. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The stock has a market capitalization of $53.33 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 2.68 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. During the same quarter in the prior year, the business earned $0.27 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.