First Hawaiian Bank Has $2.14 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Hawaiian Bank lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 42,538 shares of the restaurant operator’s stock after purchasing an additional 960 shares during the quarter. First Hawaiian Bank’s holdings in Chipotle Mexican Grill were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $315,220,000. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after purchasing an additional 9,070 shares in the last quarter. Vinva Investment Management Ltd grew its holdings in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $715,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CMG shares. Truist Financial decreased their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research report on Friday, April 25th. Loop Capital cut their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Finally, Argus downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Stock Down 0.7%

CMG stock opened at $49.72 on Friday. The company has a market cap of $66.99 billion, a P/E ratio of 44.79, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The business has a fifty day moving average of $50.02 and a 200-day moving average of $55.02.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $13.37 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.