Caldwell Trust Co Buys Shares of 41,692 Chipotle Mexican Grill, Inc. $CMG

Caldwell Trust Co purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,692 shares of the restaurant operator’s stock, valued at approximately $2,341,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $27,000. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Finally, Lavaca Capital LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $45.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. UBS Group set a $45.00 target price on Chipotle Mexican Grill in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Finally, Stephens cut their price objective on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Up 3.6%

Shares of NYSE CMG opened at $36.13 on Monday. The stock has a market capitalization of $47.77 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.69 and a beta of 0.99. The stock’s fifty day simple moving average is $35.63 and its 200 day simple moving average is $42.85. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.43.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.Chipotle Mexican Grill’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.