Glenview Trust Co Sells 21,927 Shares of Chipotle Mexican Grill, Inc. $CMG

Glenview Trust Co lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,985 shares of the restaurant operator’s stock after selling 21,927 shares during the quarter. Glenview Trust Co’s holdings in Chipotle Mexican Grill were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of Nova Scotia boosted its stake in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after acquiring an additional 47,241 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $1,597,000. Crescent Park Management L.P. bought a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $5,911,000. WINTON GROUP Ltd boosted its stake in Chipotle Mexican Grill by 269.6% during the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after acquiring an additional 277,090 shares during the last quarter. Finally, Heritage Investors Management Corp boosted its stake in Chipotle Mexican Grill by 6.8% during the 3rd quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock worth $19,521,000 after acquiring an additional 31,560 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $32.84 on Tuesday. The company has a market capitalization of $42.13 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. The company’s 50 day moving average price is $33.33 and its two-hundred day moving average price is $35.25. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CMG shares. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $40.00 in a report on Friday, March 20th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.