Whittier Trust Co. of Nevada Inc. Has $22.49 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whittier Trust Co. of Nevada Inc. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,384 shares of the restaurant operator’s stock after purchasing an additional 10,570 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Chipotle Mexican Grill were worth $22,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after acquiring an additional 19,759,754 shares in the last quarter. Legal & General Group Plc grew its position in Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after purchasing an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after buying an additional 8,186,198 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after buying an additional 5,897,255 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock valued at $2,817,127 over the last 90 days. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. TD Cowen reaffirmed a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Oppenheimer reissued an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Finally, KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

Chipotle Mexican Grill Trading Up 0.4 %

Shares of CMG stock traded up $0.26 during midday trading on Monday, reaching $59.65. 3,467,567 shares of the stock were exchanged, compared to its average volume of 14,003,801. The firm has a market cap of $81.92 billion, a PE ratio of 63.31, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company’s 50 day moving average is $56.13 and its two-hundred day moving average is $81.45. Chipotle Mexican Grill, Inc. has a 1 year low of $35.97 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.65 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.