Bank of New York Mellon Corp Has $272.73 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Bank of New York Mellon Corp lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,959,091 shares of the restaurant operator’s stock after selling 127,164 shares during the quarter. Bank of New York Mellon Corp owned about 0.52% of Chipotle Mexican Grill worth $272,727,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Ascent Group LLC increased its holdings in shares of Chipotle Mexican Grill by 3.5% during the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 193 shares during the period. Quent Capital LLC grew its position in Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after buying an additional 208 shares in the last quarter. Revolve Wealth Partners LLC increased its stake 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 acquiring an additional 214 shares during the period. Trueblood Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 4.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 253 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Chipotle Mexican Grill by 7.9% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 3,454 shares of the restaurant operator’s stock worth $194,000 after acquiring an additional 254 shares during the period. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG opened at $39.09 on Friday. The stock has a market capitalization of $51.68 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 3.53 and a beta of 0.97. The company’s 50 day simple moving average is $37.08 and its 200-day simple moving average is $39.50. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $59.57.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMG shares. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Barclays boosted their price target on shares of Chipotle Mexican Grill from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Telsey Advisory Group started coverage on shares of Chipotle Mexican Grill in a research report on Friday, January 9th. They set an “outperform” rating and a $50.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.23.

About Chipotle Mexican Grill

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.