Whittier Trust Co. of Nevada Inc. Boosts Stake in Chipotle Mexican Grill, Inc. $CMG

Whittier Trust Co. of Nevada Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.9% during the 2nd quarter, HoldingsChannel reports. The fund 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 reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Charles Schwab Investment Management Inc. lifted its position in shares of Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after acquiring an additional 491,002 shares in the last quarter. Corient IA LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $753,000. Advisors Asset Management Inc. lifted its position in shares of Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after acquiring an additional 18,458 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $2,579,000. Finally, Banco Santander S.A. lifted its position in shares of Chipotle Mexican Grill by 47.6% in the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after acquiring an additional 10,246 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CMG. Sanford C. Bernstein decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 2nd. Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. Truist Financial decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Stephens reissued an “equal weight” rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.03.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $41.64 on Tuesday. The company has a 50 day simple moving average of $41.11 and a 200-day simple moving average of $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 1 year low of $38.30 and a 1 year high of $66.74.

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