Huntington National Bank Sells 128,644 Shares of Chipotle Mexican Grill, Inc. $CMG

Huntington National Bank lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.3% in the second quarter, Holdings Channel reports. The fund owned 712,008 shares of the restaurant operator’s stock after selling 128,644 shares during the quarter. Huntington National Bank’s holdings in Chipotle Mexican Grill were worth $39,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMG. Nuveen LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth about $535,023,000. Goldman Sachs Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after acquiring an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock worth $235,580,000 after acquiring an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $31.46 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $31.01 and a 52-week high of $66.74. The firm has a 50 day moving average price of $40.14 and a two-hundred day moving average price of $46.52. The firm has a market cap of $42.18 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.65 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, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the business earned $0.27 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMG. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday. Mizuho set a $34.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Zacks Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Finally, Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

About Chipotle Mexican Grill

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.