Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,196.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,250 shares of the restaurant operator’s stock after purchasing an additional 6,132 shares during the period. Trust Co. of Vermont’s holdings in Chipotle Mexican Grill were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Rise Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 4,931.6% during the second quarter. Rise Advisors LLC now owns 7,950 shares of the restaurant operator’s stock valued at $498,000 after purchasing an additional 7,792 shares during the last quarter. Investment Partners Asset Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4,990.9% during the second quarter. Investment Partners Asset Management Inc. now owns 6,160 shares of the restaurant operator’s stock valued at $386,000 after purchasing an additional 6,039 shares during the last quarter. Boltwood Capital Management lifted its holdings in shares of Chipotle Mexican Grill by 4,659.0% during the second quarter. Boltwood Capital Management now owns 11,850 shares of the restaurant operator’s stock valued at $742,000 after purchasing an additional 11,601 shares during the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of Chipotle Mexican Grill by 6,255.3% during the second quarter. Trust Co. of Toledo NA OH now owns 17,350 shares of the restaurant operator’s stock valued at $1,087,000 after purchasing an additional 17,077 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Chipotle Mexican Grill by 4,972.8% during the second quarter. Quent Capital LLC now owns 10,450 shares of the restaurant operator’s stock valued at $655,000 after purchasing an additional 10,244 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CMG shares. Stifel Nicolaus reduced their target price on Chipotle Mexican Grill from $3,270.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Argus increased their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Morgan Stanley increased their price objective on Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Finally, Citigroup reduced their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $62.88.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $1.89 during trading on Tuesday, reaching $54.07. The company had a trading volume of 16,395,889 shares, compared to its average volume of 14,465,998. The firm’s 50 day simple moving average is $124.11 and its two-hundred day simple moving average is $80.30. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The company has a market capitalization of $74.26 billion, a PE ratio of 57.52, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $12.65 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

About Chipotle Mexican Grill

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.