29,073 Shares of Chipotle Mexican Grill, Inc. $CMG Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,073 shares of the restaurant operator’s stock, valued at approximately $929,000.

A number of other institutional investors have also recently made changes to their positions in CMG. MV Capital Management Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $28,000. Meeder Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $27,000. Kelleher Financial Advisors purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.21 during mid-day trading on Wednesday, reaching $30.69. 12,812,816 shares of the company’s stock traded hands, compared to its average volume of 17,398,629. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The firm has a 50 day moving average price of $34.69 and a two-hundred day moving average price of $33.57. The firm has a market capitalization of $38.84 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider owned 21,415 shares of the company’s stock, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Guggenheim reissued a “neutral” rating and issued a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Argus raised their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Seaport Research Partners assumed coverage on shares of Chipotle Mexican Grill in a research note on Wednesday, September 16th. They issued a “neutral” rating for the company. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.91.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.