First County Bank CT Buys Shares of 3,300 Chipotle Mexican Grill, Inc. (NYSE:CMG)

First County Bank CT bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,300 shares of the restaurant operator’s stock, valued at approximately $207,000.

Other institutional investors have also added to or reduced their stakes in the company. Steph & Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $29,000. Semmax Financial Advisors Inc. grew its position in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $44,000. ICA Group Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Finally, Westside Investment Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMG shares. Argus lifted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Evercore ISI cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Raymond James lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Trading Down 1.2 %

Shares of NYSE CMG opened at $57.34 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The company has a 50 day simple moving average of $54.45 and a two-hundred day simple moving average of $80.96. The stock has a market cap of $78.53 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business posted $12.65 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock worth $1,918,589 in the last three months. Company insiders own 1.02% of the company’s stock.

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.