Whittier Trust Co. Buys 15,355 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whittier Trust Co. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 969,939 shares of the restaurant operator’s stock after purchasing an additional 15,355 shares during the quarter. Chipotle Mexican Grill makes up 0.8% of Whittier Trust Co.’s investment portfolio, making the stock its 23rd largest position. Whittier Trust Co.’s holdings in Chipotle Mexican Grill were worth $58,477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMG. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC increased its stake in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $37,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $48.94 on Thursday. The stock’s 50-day moving average is $54.87 and its 200 day moving average is $57.77. The company has a market cap of $66.33 billion, a PE ratio of 44.08, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays dropped their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.74.

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.