55,823 Shares in Chipotle Mexican Grill, Inc. $CMG Bought by Glenview Trust Co

Glenview Trust Co bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 55,823 shares of the restaurant operator’s stock, valued at approximately $1,898,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $4,417,475,000. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $711,837,000. Capital World Investors increased its stake in Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares during the last quarter. Bank of America Corp DE acquired a new stake in Chipotle Mexican Grill in the second quarter valued at about $383,483,000. Finally, Clearbridge Investments LLC lifted its stake in shares of Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after acquiring an additional 9,473,120 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG opened at $38.08 on Friday. The firm has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.37 and a beta of 0.94. The company has a fifty day moving average price of $34.33 and a 200-day moving average price of $33.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the company posted $0.33 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMG shares. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Stephens reissued a “positive” rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $40.00 price target (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. Mizuho upped their target price on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, BTIG Research reiterated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Twenty-three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $43.84.

Insider Buying and Selling

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

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.