Park National Corp OH Sells 114,400 Shares of Chipotle Mexican Grill, Inc. $CMG

Park National Corp OH cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,823 shares of the restaurant operator’s stock after selling 114,400 shares during the period. Park National Corp OH’s holdings in Chipotle Mexican Grill were worth $3,027,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors raised its position in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares in the last quarter. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $1,001,668,000. Capital International Investors boosted its holdings in shares of Chipotle Mexican Grill by 42.4% in the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares in the last quarter. BlueSpruce Investments LP increased its position in shares of Chipotle Mexican Grill by 24,760.7% during the 2nd quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after purchasing an additional 3,914,921 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after purchasing an additional 2,470,213 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.0%

Shares of Chipotle Mexican Grill stock opened at $32.96 on Friday. The company’s fifty day simple moving average is $37.61 and its two-hundred day simple moving average is $37.32. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The firm has a market cap of $42.93 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMG. Stephens restated an “equal weight” rating and issued a $35.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Argus reissued a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, February 5th. Raymond James Financial boosted their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, DA Davidson started coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price objective for the company. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $47.37.

Chipotle Mexican Grill Profile

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.