Community Bank N.A. Purchases 2,365 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Community Bank N.A. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,945 shares of the restaurant operator’s stock after buying an additional 2,365 shares during the quarter. Community Bank N.A.’s holdings in Chipotle Mexican Grill were worth $600,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Meridian Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $4,264,000. LPL Financial LLC boosted its stake in shares of Chipotle Mexican Grill by 11.7% in the 4th quarter. LPL Financial LLC now owns 1,223,422 shares of the restaurant operator’s stock valued at $73,772,000 after purchasing an additional 127,850 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $27,973,000. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $193,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 1.0 %

Shares of CMG stock opened at $48.52 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The firm has a market capitalization of $65.76 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a fifty day simple moving average of $54.53 and a two-hundred day simple moving average of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James cut their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Stephens cut their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

About Chipotle Mexican Grill

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.