Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,346 shares of the restaurant operator’s stock after acquiring an additional 546 shares during the period. Private Trust Co. NA’s holdings in Chipotle Mexican Grill were worth $711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares in the last quarter. Legal & General Group Plc grew its stake in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after purchasing an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Chipotle Mexican Grill by 76,617.6% during the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after buying an additional 5,897,255 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Loop Capital boosted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Stock Up 1.1 %

Chipotle Mexican Grill stock opened at $62.70 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $43.66 and a 12 month high of $69.26. The stock has a market cap of $85.43 billion, a P/E ratio of 58.36, a P/E/G ratio of 2.49 and a beta of 1.26. The company’s fifty day simple moving average is $58.62 and its 200-day simple moving average is $81.14.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated 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 directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is currently owned by insiders.

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.