Diversified Trust Co Has $582,000 Position in Chipotle Mexican Grill, Inc. $CMG

Diversified Trust Co increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,372 shares of the restaurant operator’s stock after acquiring an additional 280 shares during the period. Diversified Trust Co’s holdings in Chipotle Mexican Grill were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CMG. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. HighMark Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $29,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

CMG opened at $39.69 on Wednesday. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. The firm has a 50 day simple moving average of $43.31 and a 200 day simple moving average of $48.46. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays cut their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Finally, TD Securities reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.76.

Chipotle Mexican Grill 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.