Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,898 shares of the restaurant operator’s stock after buying an additional 12,369 shares during the period. Blue Trust Inc.’s holdings in Chipotle Mexican Grill were worth $2,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CMG. PFG Investments LLC boosted its holdings in Chipotle Mexican Grill by 7.0% during the 4th quarter. PFG Investments LLC now owns 35,749 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 2,338 shares during the period. Harrell Investment Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $2,513,000. Guerra Pan Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 10.4% in the fourth quarter. Guerra Pan Advisors LLC now owns 13,633 shares of the restaurant operator’s stock valued at $822,000 after purchasing an additional 1,283 shares during the period. Jamison Private Wealth Management Inc. increased its stake in Chipotle Mexican Grill by 841.1% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 9,882 shares of the restaurant operator’s stock worth $596,000 after buying an additional 8,832 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in Chipotle Mexican Grill by 4.0% during the 4th quarter. First Citizens Bank & Trust Co. now owns 12,272 shares of the restaurant operator’s stock worth $740,000 after buying an additional 468 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMG shares. Wells Fargo & Company boosted their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Royal Bank of Canada increased their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.77.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $58.30 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.29 and a fifty-two week high of $69.26. The firm has a 50-day simple moving average of $60.64 and a 200-day simple moving average of $57.72. The company has a market capitalization of $79.43 billion, a price-to-earnings ratio of 54.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.02% 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 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.