First Community Trust NA Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Community Trust NA increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 60.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,000 shares of the restaurant operator’s stock after acquiring an additional 3,000 shares during the period. First Community Trust NA’s holdings in Chipotle Mexican Grill were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CMG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $25,000. Riverview Trust Co lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC grew its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. Archer Investment Corp purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Argus lifted their target price on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Loop Capital reduced their price target on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Finally, Stephens reaffirmed an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.44.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $57.68 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The company has a market capitalization of $79.21 billion, a price-to-earnings ratio of 61.36, a PEG ratio of 2.43 and a beta of 1.25. The stock has a fifty day moving average of $54.82 and a two-hundred day moving average of $81.23.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $12.65 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock worth $1,918,589 over the last quarter. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Company Profile

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.