Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,793 shares of the restaurant operator's stock after purchasing an additional 19,688 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Chipotle Mexican Grill were worth $21,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vinva Investment Management Ltd raised its stake in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares during the last quarter. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill in the first quarter valued at about $7,773,000. Headlands Technologies LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $488,000. Valicenti Advisory Services Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter valued at about $3,317,000. Finally, Interval Partners LP purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $51,811,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $0.14 on Thursday, hitting $53.52. The stock had a trading volume of 10,966,745 shares, compared to its average volume of 12,631,390. The firm has a market capitalization of $72.11 billion, a P/E ratio of 47.37, a P/E/G ratio of 2.68 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The company's 50 day moving average price is $52.78 and its 200-day moving average price is $53.03.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research note on Friday, April 25th. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Evercore ISI lowered their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, TD Securities reaffirmed a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.41.

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.