Whittier Trust Co. Sells 915,536 Shares of Chipotle Mexican Grill, Inc. $CMG

Whittier Trust Co. lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,273 shares of the restaurant operator’s stock after selling 915,536 shares during the quarter. Whittier Trust Co.’s holdings in Chipotle Mexican Grill were worth $4,606,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMG. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Salomon & Ludwin LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $29,000. Finally, Murphy & Mullick Capital Management Corp raised its holdings in shares of Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Telsey Advisory Group reduced their price objective on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Gordon Haskett lowered shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Zacks Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $48.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $47.13.

Chipotle Mexican Grill Stock Up 1.8%

NYSE CMG opened at $35.71 on Friday. The firm has a market cap of $46.51 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The company has a 50 day moving average price of $34.97 and a 200 day moving average price of $36.37.

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 the consensus estimate of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.