Trust Co. of Toledo NA OH Has $75,000 Holdings in Chipotle Mexican Grill, Inc. $CMG

Trust Co. of Toledo NA OH trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,038 shares of the restaurant operator’s stock after selling 15,363 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Chipotle Mexican Grill were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CMG. Capital World Investors increased its holdings in Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares during the last quarter. Capital International Investors lifted its stake in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after acquiring an additional 11,471,658 shares during the last quarter. BlueSpruce Investments LP lifted its stake in Chipotle Mexican Grill by 24,760.7% in the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after acquiring an additional 3,914,921 shares during the last quarter. Vanguard Group Inc. grew its position in Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after acquiring an additional 2,470,213 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Chipotle Mexican Grill by 24.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock worth $448,084,000 after acquiring an additional 2,265,122 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Raymond James Financial increased their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Citigroup raised their target price on Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Twenty-four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.13.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $33.16 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The firm’s fifty day simple moving average is $35.92 and its 200 day simple moving average is $36.72. The firm has a market capitalization of $43.19 billion, a PE ratio of 29.09, a PEG ratio of 2.03 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the business earned $0.25 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.