Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Raised by CENTRAL TRUST Co

CENTRAL TRUST Co grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,549 shares of the restaurant operator’s stock after acquiring an additional 649 shares during the period. CENTRAL TRUST Co’s holdings in Chipotle Mexican Grill were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMG. Brookstone Capital Management grew its stake in Chipotle Mexican Grill by 22.9% in the first quarter. Brookstone Capital Management now owns 188 shares of the restaurant operator’s stock valued at $547,000 after purchasing an additional 35 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $279,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,566 shares of the restaurant operator’s stock valued at $7,459,000 after buying an additional 190 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in Chipotle Mexican Grill by 13.9% in the first quarter. New Mexico Educational Retirement Board now owns 1,638 shares of the restaurant operator’s stock worth $4,761,000 after buying an additional 200 shares during the last quarter. Finally, Trilogy Capital Inc. bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $360,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $59.44 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.97 and a 52-week high of $69.26. The firm has a market capitalization of $81.63 billion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company’s fifty day moving average price is $56.77 and its two-hundred day moving average price is $81.17.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.65 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CMG shares. Evercore ISI boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Raymond James decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Piper Sandler boosted their price target on Chipotle Mexican Grill from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Finally, TD Cowen reiterated a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $63.03.

About Chipotle Mexican Grill

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.