Park National Corp OH Has $15.74 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Park National Corp OH lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 280,312 shares of the restaurant operator’s stock after selling 265,141 shares during the period. Park National Corp OH’s holdings in Chipotle Mexican Grill were worth $15,740,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Chipotle Mexican Grill by 7.6% during the first 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. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 8.0% during the first 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. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after buying an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock valued at $557,904,000 after buying an additional 833,760 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of several analyst reports. Barclays cut their target price 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. UBS Group lifted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. BTIG Research reiterated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a report on Friday, September 5th. TD Securities reiterated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Finally, Piper Sandler upgraded 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 report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $38.65 on Friday. The firm has a market cap of $51.83 billion, a PE ratio of 34.51, a PEG ratio of 1.98 and a beta of 1.02. The stock’s fifty day moving average price is $45.54 and its two-hundred day moving average price is $49.13. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

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