Glenview Trust Co Invests $1.90 Million in Chipotle Mexican Grill, Inc. $CMG

Glenview Trust Co bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 55,823 shares of the restaurant operator’s stock, valued at approximately $1,898,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC lifted its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Groupama Asset Managment lifted its position in Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after purchasing an additional 291 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after buying an additional 298 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Chipotle Mexican Grill by 2.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in Chipotle Mexican Grill by 14.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $38.08 on Friday. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.37 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81. The firm has a 50 day simple moving average of $34.33 and a 200-day simple moving average of $33.94.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 29th. 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 54.65% and a net margin of 11.43%.The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm posted $0.33 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Argus boosted their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Mizuho increased their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Guggenheim reaffirmed a “neutral” rating and issued a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.84.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

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.