PNC Financial Services Group Inc. Lowers Holdings in Chipotle Mexican Grill, Inc. $CMG

PNC Financial Services Group Inc. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,712 shares of the restaurant operator’s stock after selling 17,917 shares during the period. PNC Financial Services Group Inc.’s holdings in Chipotle Mexican Grill were worth $10,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC grew its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the last quarter. Centurion Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 3.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 260 shares during the period. City State Bank lifted its holdings in Chipotle Mexican Grill by 13.4% in the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 275 shares during the period. Cromwell Holdings LLC lifted its holdings in Chipotle Mexican Grill by 7.4% in the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after acquiring an additional 295 shares during the period. Finally, Catalyst Financial Partners LLC lifted its holdings in Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 298 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. BNP Paribas Exane raised their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley reduced their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Stephens raised their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Telsey Advisory Group reduced their target price on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, Weiss Ratings downgraded Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Stock Up 0.1%

NYSE:CMG opened at $32.84 on Friday. The company has a market capitalization of $42.13 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The stock has a fifty day simple moving average of $33.32 and a 200-day simple moving average of $35.22.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current 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.