Norway Savings Bank Has $1.26 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Norway Savings Bank decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 22,388 shares of the restaurant operator’s stock after selling 490 shares during the period. Norway Savings Bank’s holdings in Chipotle Mexican Grill were worth $1,257,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Nuveen LLC purchased a new position in Chipotle Mexican Grill in the first quarter worth $535,023,000. Goldman Sachs Group Inc. lifted its holdings in Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after purchasing an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in Chipotle Mexican Grill by 5,319.7% in the 1st 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 increased its stake 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 worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $127,892,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $38.65 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The firm has a market capitalization of $51.83 billion, a P/E ratio of 34.51, a PEG ratio of 1.98 and a beta of 1.02. The business has a fifty day moving average of $45.54 and a 200 day moving average of $49.13.

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

Analyst Ratings Changes

Several research firms recently issued reports on CMG. Barclays reduced their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Stephens reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, September 3rd. TD Cowen lowered their target price on Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Finally, Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

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.