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

Washington Trust Advisors Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,302 shares of the restaurant operator’s stock after buying an additional 284 shares during the period. Washington Trust Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $79,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CMG. Stephens Inc. AR purchased a new stake in Chipotle Mexican Grill during the third quarter worth $341,000. QRG Capital Management Inc. boosted its holdings in Chipotle Mexican Grill by 190.6% during the third quarter. QRG Capital Management Inc. now owns 51,393 shares of the restaurant operator’s stock worth $2,961,000 after buying an additional 33,705 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in Chipotle Mexican Grill by 11.8% during the third quarter. Moloney Securities Asset Management LLC now owns 9,618 shares of the restaurant operator’s stock worth $554,000 after acquiring an additional 1,018 shares during the period. Forte Capital LLC ADV raised its position in Chipotle Mexican Grill by 164.7% during the third quarter. Forte Capital LLC ADV now owns 12,813 shares of the restaurant operator’s stock worth $738,000 after acquiring an additional 7,973 shares during the period. Finally, Graypoint LLC raised its position in Chipotle Mexican Grill by 4.2% during the third quarter. Graypoint LLC now owns 8,335 shares of the restaurant operator’s stock worth $480,000 after acquiring an additional 335 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $51.45 on Friday. The firm has a 50 day simple moving average of $56.68 and a 200-day simple moving average of $58.06. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a market cap of $69.73 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.