Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by City State Bank

City State Bank increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7,685.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,635 shares of the restaurant operator’s stock after purchasing an additional 1,614 shares during the period. City State Bank’s holdings in Chipotle Mexican Grill were worth $102,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Chipotle Mexican Grill in the second quarter valued at $25,000. Steph & Co. purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $29,000. M&R Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 490 shares during the period. Versant Capital Management Inc lifted its position in Chipotle Mexican Grill by 9,900.0% during the second quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 495 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMG. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. KeyCorp dropped their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Robert W. Baird upped their price target on Chipotle Mexican Grill from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. BMO Capital Markets decreased their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.88.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded up $1.89 during midday trading on Tuesday, reaching $54.07. 16,395,889 shares of the company traded hands, compared to its average volume of 14,465,998. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a fifty day moving average price of $124.11 and a 200 day moving average price of $80.30. The firm has a market capitalization of $74.26 billion, a price-to-earnings ratio of 57.52, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company posted $12.65 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 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.