Wilmington Savings Fund Society FSB Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wilmington Savings Fund Society FSB grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.2% in the fourth quarter, Holdings Channel reports. The firm owned 18,215 shares of the restaurant operator’s stock after purchasing an additional 6,626 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Chipotle Mexican Grill were worth $1,098,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. D Orazio & Associates Inc. grew its position in Chipotle Mexican Grill by 10.0% during the fourth quarter. D Orazio & Associates Inc. now owns 3,999 shares of the restaurant operator’s stock worth $241,000 after buying an additional 362 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 33.8% during the fourth quarter. Apollon Wealth Management LLC now owns 57,972 shares of the restaurant operator’s stock worth $3,496,000 after purchasing an additional 14,630 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $371,000. FFG Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.2% in the fourth quarter. FFG Partners LLC now owns 150,705 shares of the restaurant operator’s stock worth $9,088,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Chipotle Mexican Grill by 8.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 156,738 shares of the restaurant operator’s stock valued at $9,451,000 after purchasing an additional 11,726 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $57.84 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm has a market cap of $78.81 billion, a P/E ratio of 52.10, a P/E/G ratio of 2.14 and a beta of 1.27. The business’s 50 day moving average price is $60.09 and its 200-day moving average price is $57.94.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wedbush cut their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Oppenheimer upped their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Stephens cut their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Loop Capital increased their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.