Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Raised by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 415,105 shares of the restaurant operator’s stock after buying an additional 24,721 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Chipotle Mexican Grill were worth $25,027,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMG. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $692,701,000. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $315,220,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Chipotle Mexican Grill by 123.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after purchasing an additional 1,364,635 shares during the period. Intech Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 224.2% during the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after purchasing an additional 1,173,207 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after purchasing an additional 858,704 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $49.00 on Friday. The firm has a market cap of $66.41 billion, a price-to-earnings ratio of 44.14, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The stock has a 50-day simple moving average of $54.69 and a 200-day simple moving average of $57.71.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on CMG shares. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Oppenheimer lifted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler lowered their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.67.

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.