Community Trust & Investment Co. Purchases 16,614 Shares of Chipotle Mexican Grill, Inc. $CMG

Community Trust & Investment Co. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,543 shares of the restaurant operator’s stock after buying an additional 16,614 shares during the period. Community Trust & Investment Co.’s holdings in Chipotle Mexican Grill were worth $13,992,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMG. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $711,837,000. Focus Partners Advisor Solutions LLC grew its position in Chipotle Mexican Grill by 156.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 35,589 shares during the period. Marsico Capital Management LLC raised its stake in Chipotle Mexican Grill by 234.4% during the fourth quarter. Marsico Capital Management LLC now owns 380,677 shares of the restaurant operator’s stock worth $14,085,000 after acquiring an additional 266,835 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $2,890,000. Finally, US Bancorp DE lifted its holdings in shares of Chipotle Mexican Grill by 33.4% during the fourth quarter. US Bancorp DE now owns 649,041 shares of the restaurant operator’s stock valued at $24,015,000 after acquiring an additional 162,392 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.7%

CMG stock opened at $32.78 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $44.27. The company has a market cap of $41.48 billion, a P/E ratio of 30.08, a PEG ratio of 2.15 and a beta of 0.94. The business has a fifty day moving average of $33.06 and a 200-day moving average of $34.42.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $38.00 to $35.00 in a report on Friday, June 5th. TD Cowen restated a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Argus upped their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Guggenheim reaffirmed a “neutral” rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, Mizuho raised their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Twenty-four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Analyst support remains intact: BTIG Research reaffirmed its Buy rating, while Argus raised its price target to $45, indicating that some analysts view the selloff as excessive and believe Chipotle’s long-term growth story remains attractive. BTIG Research Reaffirms Buy Rating for Chipotle Mexican Grill Argus Raises Chipotle Price Target
• Neutral Sentiment: Recent quarterly results were slightly better than expected: Chipotle reported adjusted earnings of $0.33 per share versus the $0.32 consensus estimate and revenue of $3.35 billion versus expectations of $3.33 billion. Comparable sales rebounded 2.2%, supported by menu innovation and an improved rewards program, although higher food and labor costs pressured profitability. Chipotle: One Good Quarter Doesn’t Reset the Risk Profile
• Negative Sentiment: Food-safety concerns are driving the selloff: The CDC linked a Salmonella outbreak across 27 states to jalapeño peppers served at Chipotle and other Mexican-style restaurants. Reports say hundreds of people have been sickened, while authorities continue investigating the source and whether contaminated peppers reached grocery stores. Chipotle Stock Extends Slide After CDC Links Salmonella Outbreak to Jalapeños
• Negative Sentiment: Potential business and reputation risks are increasing: Chipotle removed jalapeños from Minnesota restaurants, shifted to another supplier and is cooperating with health officials. Investors are concerned about restaurant disruptions, possible liability and damage to customer traffic, particularly because the incident recalls the company’s prior food-safety crisis. Chipotle Pulls Jalapeños After Minnesota Salmonella Outbreak
• Negative Sentiment: Valuation and margin pressure add to the downside: One analysis argued that the recent earnings beat does not resolve concerns about declining earnings, compressed restaurant-level margins and a still-demanding valuation. The outbreak creates an additional risk for a stock already facing pressure from rising operating costs. Chipotle Stock Falls Further as CDC Confirms Salmonella Outbreak

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.