Truist Financial Corp Sells 101,690 Shares of Chipotle Mexican Grill, Inc. $CMG

Truist Financial Corp lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.7% during the 4th quarter, Holdings Channel reports. The firm owned 473,386 shares of the restaurant operator’s stock after selling 101,690 shares during the quarter. Truist Financial Corp’s holdings in Chipotle Mexican Grill were worth $17,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia boosted its stake in shares of Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after purchasing an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $1,597,000. Harbour Trust & Investment Management Co acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at $3,967,000. Crescent Park Management L.P. acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at $5,911,000. Finally, WINTON GROUP Ltd boosted its stake in shares of Chipotle Mexican Grill by 269.6% in the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after purchasing an additional 277,090 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $32.74 on Thursday. The stock has a market cap of $41.99 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. The stock has a 50-day moving average of $34.19 and a 200-day moving average of $35.77. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Telsey Advisory Group reduced their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Gordon Haskett downgraded shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Company 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.