First Nebraska Trust Co Invests $3.75 Million in Chipotle Mexican Grill, Inc. $CMG

First Nebraska Trust Co bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 110,411 shares of the restaurant operator’s stock, valued at approximately $3,754,000.

Other institutional investors have also modified their holdings of the company. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $25,000. MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in Chipotle Mexican Grill during the 2nd quarter worth $27,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at $28,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Argus raised their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Stephens restated a “positive” rating and issued a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, Morgan Stanley increased their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $36.84 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $43.72. The firm has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a PEG ratio of 2.35 and a beta of 0.94. The company’s fifty day moving average is $33.80 and its two-hundred day moving average is $33.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

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.