Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Whittier Trust Co. of Nevada Inc.

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Chipotle Mexican Grill by 3.9% in Q2, raising their holdings to 451,887 shares valued at $25.37 million.
• Chipotle's stock opened at $41.64, with a market cap of $55.84 billion and a P/E ratio of 37.18.
• The company reported $0.33 EPS for Q2, surpassing expectations, though its revenue was slightly below consensus estimates at $3.06 billion.

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 451,887 shares of the restaurant operator's stock after purchasing an additional 17,094 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Chipotle Mexican Grill were worth $25,373,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Whittier Trust Co. increased its position in shares of Chipotle Mexican Grill by 8.1% in the 2nd quarter. Whittier Trust Co. now owns 1,059,791 shares of the restaurant operator's stock valued at $59,507,000 after acquiring an additional 79,798 shares during the period. Klingman & Associates LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $221,000. Journey Advisory Group LLC increased its position in shares of Chipotle Mexican Grill by 3.4% in the 2nd quarter. Journey Advisory Group LLC now owns 17,560 shares of the restaurant operator's stock valued at $986,000 after acquiring an additional 582 shares during the period. Evermay Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 8.9% in the 2nd quarter. Evermay Wealth Management LLC now owns 13,555 shares of the restaurant operator's stock valued at $761,000 after acquiring an additional 1,109 shares during the period. Finally, Calamos Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 1.9% in the 2nd quarter. Calamos Wealth Management LLC now owns 267,555 shares of the restaurant operator's stock valued at $15,023,000 after acquiring an additional 4,865 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $41.64 on Tuesday. The business's 50-day moving average is $41.11 and its two-hundred day moving average is $47.25. The company has a market capitalization of $55.84 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.53 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the firm earned $0.34 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CMG shares. Raymond James Financial reissued an "outperform" rating and issued a $52.00 target price (down from $56.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 16th. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. Robert W. Baird cut their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, October 10th. Melius started coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. Finally, BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their target price for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $57.03.

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.

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