Diversified Trust Co trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG– Free Report) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 470 shares of the restaurant operator’s stock after selling 33 shares during the quarter. Diversified Trust Co’s holdings in Chipotle Mexican Grill were worth $1,075,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in Chipotle Mexican Grill in the second quarter worth $32,000. Cornerstone Planning Group LLC bought a new stake in Chipotle Mexican Grill in the second quarter worth $39,000. IMA Wealth Inc. boosted its holdings in Chipotle Mexican Grill by 185.7% in the first quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 13 shares in the last quarter. Tyler Stone Wealth Management purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth $38,000. 91.19% of the stock is owned by institutional investors.
Chipotle Mexican Grill Price Performance
Shares of CMG stock opened at $2,773.53 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $1,592.30 and a 1 year high of $2,813.99. The stock’s 50 day simple moving average is $2,530.51 and its two-hundred day simple moving average is $2,222.73. The company has a market cap of $76.05 billion, a PE ratio of 62.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business posted $8.29 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 53.11 EPS for the current year.
Insider Buying and Selling at Chipotle Mexican Grill
In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the sale, the director now directly owns 37,271 shares in the company, valued at $97,221,776.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the sale, the insider now directly owns 1,529 shares in the company, valued at $4,009,420.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the completion of the sale, the director now owns 37,271 shares in the company, valued at $97,221,776.21. The disclosure for this sale can be found here. Insiders have sold a total of 4,744 shares of company stock worth $11,607,678 over the last ninety days. Company insiders own 0.96% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CMG shares. Stifel Nicolaus boosted their price target on Chipotle Mexican Grill from $2,450.00 to $2,560.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Stephens upped their price objective on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Raymond James upped their price objective on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. BMO Capital Markets upped their price target on Chipotle Mexican Grill from $2,100.00 to $2,400.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Finally, Truist Financial upped their price target on Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,469.88.
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.
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