Truist Financial Corp Sells 74,820 Shares of Chipotle Mexican Grill, Inc. $CMG

Truist Financial Corp lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 575,076 shares of the restaurant operator’s stock after selling 74,820 shares during the quarter. Truist Financial Corp’s holdings in Chipotle Mexican Grill were worth $22,537,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ascent Group LLC boosted its stake in Chipotle Mexican Grill by 3.5% in the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 193 shares in the last quarter. Quent Capital LLC increased its position in Chipotle Mexican Grill by 2.0% in the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 208 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 last quarter. Trueblood Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 253 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in 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 purchasing an additional 254 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $38.85 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $59.19. The business’s 50-day simple moving average is $37.23 and its 200-day simple moving average is $39.39. The stock has a market capitalization of $51.37 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 3.52 and a beta of 0.97.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday. TD Cowen reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 5th. Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Finally, Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $50.23.

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.