Fiduciary Trust Co Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fiduciary Trust Co raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,919 shares of the restaurant operator’s stock after purchasing an additional 2,619 shares during the quarter. Fiduciary Trust Co’s holdings in Chipotle Mexican Grill were worth $1,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Riverview Trust Co boosted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. RiverPark Advisors LLC grew its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp purchased a new stake in Chipotle Mexican Grill in the second quarter worth $25,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. Citigroup cut their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Royal Bank of Canada initiated coverage on Chipotle Mexican Grill in a report on Friday, November 15th. They issued an “outperform” rating and a $70.00 price target for the company. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $61.52 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The company has a market cap of $83.83 billion, a PE ratio of 57.26, a P/E/G ratio of 2.50 and a beta of 1.26. The business has a 50-day simple moving average of $58.89 and a two-hundred day simple moving average of $80.86.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.