M&T Bank Corp Sells 57,038 Shares of Chipotle Mexican Grill, Inc. $CMG

M&T Bank Corp trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,405 shares of the restaurant operator's stock after selling 57,038 shares during the quarter. M&T Bank Corp's holdings in Chipotle Mexican Grill were worth $10,130,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator's stock worth $6,932,118,000 after acquiring an additional 993,798 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares in the last quarter. Geode Capital Management LLC increased its holdings in Chipotle Mexican Grill by 1.1% during the second quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator's stock valued at $1,657,193,000 after buying an additional 325,926 shares during the period. Finally, American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 2.9% in the second quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator's stock worth $1,193,618,000 after buying an additional 595,038 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Zacks Research cut Chipotle Mexican Grill from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 30th. TD Cowen cut their target price on Chipotle Mexican Grill from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, October 30th. Truist Financial reduced their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, October 30th. Finally, Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $49.81.

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View Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $33.96 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The company has a market cap of $44.90 billion, a PE ratio of 30.05, a P/E/G ratio of 3.50 and a beta of 0.99. The business has a 50-day simple moving average of $36.41 and a two-hundred day simple moving average of $43.72.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. Chipotle Mexican Grill's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.

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