Norway Savings Bank Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Norway Savings Bank grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 481 shares of the restaurant operator’s stock after buying an additional 62 shares during the period. Norway Savings Bank’s holdings in Chipotle Mexican Grill were worth $1,029,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth about $26,000. Addison Advisors LLC lifted its holdings in Chipotle Mexican Grill by 350.0% during the 1st quarter. Addison Advisors LLC now owns 18 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 14 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Chipotle Mexican Grill by 90.0% during the 1st quarter. Benjamin Edwards Inc. now owns 19 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 9 shares in the last quarter. Heritage Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 20 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 10 shares in the last quarter. Finally, IMA Wealth Inc. lifted its holdings in Chipotle Mexican Grill by 185.7% during the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.2 %

NYSE:CMG traded down $23.62 during mid-day trading on Friday, hitting $1,912.50. 247,268 shares of the company traded hands, compared to its average volume of 284,788. The stock’s fifty day moving average price is $1,952.85 and its 200-day moving average price is $1,910.34. Chipotle Mexican Grill, Inc. has a one year low of $1,344.05 and a one year high of $2,175.01. The firm has a market cap of $52.76 billion, a price-to-earnings ratio of 47.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $12.65 EPS for the quarter, beating the consensus estimate of $12.25 by $0.40. Chipotle Mexican Grill had a return on equity of 45.85% and a net margin of 12.00%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the business earned $9.30 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 43.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CMG shares. Royal Bank of Canada lowered their price target on Chipotle Mexican Grill from $2,300.00 to $2,250.00 and set an “outperform” rating on the stock in a report on Thursday, July 27th. Citigroup raised their price target on Chipotle Mexican Grill from $2,240.00 to $2,454.00 and gave the company a “buy” rating in a report on Friday, July 14th. Stephens reaffirmed an “overweight” rating and issued a $2,400.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 27th. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $2,075.00 to $1,981.00 in a research report on Thursday, July 27th. Finally, BMO Capital Markets reduced their price objective on Chipotle Mexican Grill from $1,950.00 to $1,925.00 in a research report on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,144.71.

Insider Activity

In other news, CEO Brian R. Niccol sold 1,063 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1,949.84, for a total value of $2,072,679.92. Following the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at $45,522,914.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Brian R. Niccol sold 1,063 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1,949.84, for a total value of $2,072,679.92. Following the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at $45,522,914.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,086 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the completion of the transaction, the chief executive officer now owns 23,347 shares in the company, valued at $49,915,886. The disclosure for this sale can be found here. Insiders have sold 3,207 shares of company stock worth $6,434,541 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.