City Holding Co. Grows Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

City Holding Co. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,244 shares of the restaurant operator’s stock after buying an additional 4,200 shares during the quarter. City Holding Co.’s holdings in Chipotle Mexican Grill were worth $5,067,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC grew its stake in Chipotle Mexican Grill by 4.7% in the 4th 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. Bison Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $224,000. GAMMA Investing LLC raised its position in shares of Chipotle Mexican Grill by 4,099.4% during the 1st quarter. GAMMA Investing LLC now owns 1,211,818 shares of the restaurant operator’s stock worth $60,845,000 after purchasing an additional 1,182,961 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Chipotle Mexican Grill by 15.2% in the 1st quarter. Parallel Advisors LLC now owns 26,768 shares of the restaurant operator’s stock worth $1,344,000 after buying an additional 3,523 shares during the last quarter. Finally, Global Financial Private Client LLC increased its stake in Chipotle Mexican Grill by 136.2% during the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock worth $44,000 after buying an additional 500 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 1.9%

Shares of NYSE:CMG opened at $40.06 on Friday. The firm’s 50 day moving average price is $42.47 and its 200 day moving average price is $48.24. The stock has a market cap of $53.72 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. 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 13.32% and a return on equity of 43.50%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMG. Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, September 3rd. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

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.