Whittier Trust Co. Sells 57,867 Shares of Chipotle Mexican Grill, Inc. $CMG

Whittier Trust Co. decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 48.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,406 shares of the restaurant operator’s stock after selling 57,867 shares during the period. Whittier Trust Co.’s holdings in Chipotle Mexican Grill were worth $2,057,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CMG. Vanguard Group Inc. lifted its holdings in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after acquiring an additional 18,660,882 shares in the last quarter. Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after acquiring an additional 9,237,720 shares in the last quarter. Capital International Investors raised its position in shares of Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Finally, Norges Bank bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $711,837,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.5%

Chipotle Mexican Grill stock opened at $34.49 on Wednesday. The company has a market cap of $44.25 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.20 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $57.04. The company has a fifty day simple moving average of $32.28 and a 200 day simple moving average of $35.04.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMG. Piper Sandler lowered their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Guggenheim reduced their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, May 5th. Finally, Citigroup raised their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.10.

Get Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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