Whittier Trust Co. Sells 57,867 Shares of Chipotle Mexican Grill, Inc. $CMG

Whittier Trust Co. cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,406 shares of the restaurant operator’s stock after selling 57,867 shares during the period. Whittier Trust Co.’s holdings in Chipotle Mexican Grill were worth $2,057,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. MV Capital Management Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $28,000. Finally, Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $31,000. 91.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Morgan Stanley set a $37.00 price target on Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Finally, Citigroup increased their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.10.

Chipotle Mexican Grill Trading Up 1.5%

NYSE CMG opened at $34.49 on Wednesday. The stock has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $35.04. The company has a market capitalization of $44.25 billion, a PE ratio of 31.65, a P/E/G ratio of 2.20 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $57.04.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 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.