Whittier Trust Co. Acquires 10,054 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whittier Trust Co. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 979,993 shares of the restaurant operator's stock after acquiring an additional 10,054 shares during the period. Whittier Trust Co. owned 0.07% of Chipotle Mexican Grill worth $49,195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after acquiring an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after acquiring an additional 4,790,464 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Chipotle Mexican Grill by 2,145.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after acquiring an additional 3,038,460 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMG shares. Barclays boosted their target price on shares of Chipotle Mexican Grill from $54.00 to $55.00 and gave the company an "equal weight" rating in a research note on Thursday. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Loop Capital dropped their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on Chipotle Mexican Grill from $55.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.72.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.31 during mid-day trading on Friday, hitting $53.85. The stock had a trading volume of 5,531,926 shares, compared to its average volume of 12,586,130. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The business has a 50 day moving average price of $52.82 and a two-hundred day moving average price of $52.98. The firm has a market cap of $72.55 billion, a P/E ratio of 47.67, a price-to-earnings-growth ratio of 2.65 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $13.37 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.