Whittier Trust Co. of Nevada Inc. Has $1.56 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Whittier Trust Co. of Nevada Inc. decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 90.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,430 shares of the restaurant operator’s stock after selling 392,070 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Chipotle Mexican Grill were worth $1,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $224,000. Empowered Funds LLC grew its position in shares of Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC grew its position in shares of Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after purchasing an additional 129,066 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Raymond James Financial upped their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. TD Cowen reaffirmed a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, March 20th. Citigroup decreased their target price on Chipotle Mexican Grill from $49.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Twenty-four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.13.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $35.71 on Friday. The company has a market capitalization of $46.51 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.15 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The business’s 50 day simple moving average is $34.97 and its 200 day simple moving average is $36.37.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. On average, sell-side 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.