Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,894 shares of the restaurant operator’s stock after purchasing an additional 5,356 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Chipotle Mexican Grill were worth $23,571,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $33,000. CWA Asset Management Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $719,000. United Bank boosted its stake in shares of Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after acquiring an additional 4,451 shares during the last quarter. Atria Investments Inc increased its position in Chipotle Mexican Grill by 24.1% during the 3rd quarter. Atria Investments Inc now owns 89,160 shares of the restaurant operator’s stock worth $5,137,000 after purchasing an additional 17,314 shares in the last quarter. Finally, Transcendent Capital Group LLC raised its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMG. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, KeyCorp lowered their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $49.86 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50-day moving average of $56.26 and a 200-day moving average of $58.09.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.