Whittier Trust Co. Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whittier Trust Co. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 954,584 shares of the restaurant operator’s stock after buying an additional 29,931 shares during the quarter. Chipotle Mexican Grill comprises about 0.7% of Whittier Trust Co.’s investment portfolio, making the stock its 26th biggest position. Whittier Trust Co. owned 0.07% of Chipotle Mexican Grill worth $54,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in shares of Chipotle Mexican Grill by 8.6% during the 1st quarter. Park Avenue Securities LLC now owns 618 shares of the restaurant operator’s stock worth $1,796,000 after purchasing an additional 49 shares during the period. RFG Advisory LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $218,000. International Assets Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 57.6% during the 1st quarter. International Assets Investment Management LLC now owns 208 shares of the restaurant operator’s stock valued at $598,000 after acquiring an additional 76 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Chipotle Mexican Grill by 27.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 23 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 5 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in Chipotle Mexican Grill by 12.1% in the first quarter. Ballentine Partners LLC now owns 269 shares of the restaurant operator’s stock valued at $782,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMG. Loop Capital lowered their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Guggenheim lifted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.03.

Chipotle Mexican Grill Stock Up 0.4 %

NYSE CMG traded up $0.26 on Monday, reaching $59.65. The company had a trading volume of 3,467,567 shares, compared to its average volume of 14,003,801. The stock has a market cap of $81.92 billion, a price-to-earnings ratio of 63.31, a PEG ratio of 2.41 and a beta of 1.25. The stock’s 50 day moving average is $56.13 and its 200-day moving average is $81.45. Chipotle Mexican Grill, Inc. has a 52 week low of $35.97 and a 52 week high of $69.26.

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

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock valued at $2,817,127 in the last 90 days. 1.02% of the stock is currently owned by insiders.

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.