Community Trust & Investment Co. Purchases 154,662 Shares of Chipotle Mexican Grill, Inc. $CMG

Community Trust & Investment Co. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 566,205 shares of the restaurant operator’s stock after purchasing an additional 154,662 shares during the period. Community Trust & Investment Co.’s holdings in Chipotle Mexican Grill were worth $18,090,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMG. BlackRock Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $4,417,475,000. Arrowstreet Capital Limited Partnership increased its position in shares of Chipotle Mexican Grill by 19.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock valued at $527,469,000 after acquiring an additional 2,727,762 shares during the last quarter. Amundi increased its position in Chipotle Mexican Grill by 23.3% during the first quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock worth $383,486,000 after buying an additional 2,266,087 shares during the last quarter. Bank of America Corp DE grew its position in shares of Chipotle Mexican Grill by 86.1% in the first quarter. Bank of America Corp DE now owns 11,973,752 shares of the restaurant operator’s stock valued at $383,280,000 after purchasing an additional 5,541,385 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Chipotle Mexican Grill by 30.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator’s stock valued at $368,751,000 after purchasing an additional 2,541,795 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction dated 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 directly owned 21,415 shares in the company, valued at $765,586.25. This represents a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.45% of the company’s stock.

Trending Headlines about Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% to $3.29 billion, in line with expectations, while comparable-restaurant sales increased 2.1% and transactions grew for the third consecutive quarter. Value offers and limited-time menu items helped attract diners. Chipotle beats quarterly sales expectations on resilient demand
• Positive Sentiment: Investors responded favorably to signs of a traffic recovery following earlier food-safety concerns. New menu launches, refreshed loyalty benefits and plans to accelerate technology and menu innovation are supporting the turnaround. Chipotle Sales Beat as New Chicken, Chips Bring Diners Back
• Positive Sentiment: Chipotle opened 84 company-owned restaurants during the quarter, and its loyalty program surpassed 24 million members, providing additional long-term growth and customer-engagement potential. Chipotle: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained bullish ratings, including DA Davidson and BTIG Research at $45 targets and Oppenheimer at a $51 target, implying substantial upside based on the supplied reference price. Oppenheimer analyst rating
• Neutral Sentiment: Analyst opinion remains mixed: Citigroup kept a Buy rating while cutting its target to $41, whereas BNP Paribas Exane retained Neutral and reduced its target to $36. Bernstein also lowered its target to $43 from $50. Citigroup price target
• Negative Sentiment: Adjusted earnings were $0.27 per share, below the $0.29 consensus and last year’s $0.29, as higher operating costs, beef prices and increased protein usage pressured margins. Chipotle Q3 earnings miss estimates
• Negative Sentiment: Management’s outlook calls for only modestly higher sales, leaving investors dependent on the fourth-quarter brisket launch, continued traffic gains and successful cost management to sustain the recovery. The rest of Chipotle’s year hinges on brisket

Chipotle Mexican Grill Trading Up 9.1%

CMG traded up $2.60 during midday trading on Thursday, hitting $31.33. 42,432,740 shares of the company traded hands, compared to its average volume of 18,084,094. The business has a 50 day simple moving average of $33.20 and a two-hundred day simple moving average of $34.21. The company has a market capitalization of $39.65 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.67 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 52-week low of $27.31 and a 52-week high of $41.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $51.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday. Evercore restated an “outperform” rating and issued a $47.00 target price (up from $45.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Guggenheim reaffirmed a “neutral” rating and issued a $32.00 price target (down from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday. Mizuho cut their target price on shares of Chipotle Mexican Grill from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, October 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Twenty-seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.47.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.