Central Pacific Bank Trust Division Acquires New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Central Pacific Bank Trust Division bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 195 shares of the restaurant operator’s stock, valued at approximately $561,000.

A number of other institutional investors have also bought and sold shares of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $805,529,000. International Assets Investment Management LLC raised its stake in Chipotle Mexican Grill by 220,249.6% during the fourth quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock worth $6,903,850,000 after purchasing an additional 301,742 shares during the period. Wellington Management Group LLP boosted its holdings in Chipotle Mexican Grill by 41.6% in the 3rd quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock valued at $727,570,000 after purchasing an additional 116,723 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $167,256,000. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $100,535,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.4 %

NYSE:CMG traded down $0.25 during mid-day trading on Wednesday, hitting $57.23. The stock had a trading volume of 2,029,632 shares, compared to its average volume of 13,541,465. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The stock has a 50-day simple moving average of $127.74 and a two-hundred day simple moving average of $79.16. The company has a market capitalization of $78.60 billion, a PE ratio of 61.34, a PEG ratio of 2.37 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMG shares. UBS Group upped their price objective on Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Wedbush reiterated a “neutral” rating and set a $64.00 price target on shares of Chipotle Mexican Grill in a report on Monday, June 17th. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $3,270.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.46.

Read Our Latest Stock Analysis on Chipotle Mexican Grill

Insider Buying and Selling at Chipotle Mexican Grill

In other news, COO Scott Boatwright sold 55,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.29, for a total value of $7,939,579.96. Following the transaction, the insider now directly owns 54,250 shares in the company, valued at $3,433,417.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the sale, the chief operating officer now owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders have sold a total of 550,750 shares of company stock worth $35,023,769 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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