Private Trust Co. NA Buys 546 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Private Trust Co. NA increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,346 shares of the restaurant operator’s stock after acquiring an additional 546 shares during the quarter. Private Trust Co. NA’s holdings in Chipotle Mexican Grill were worth $711,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Shellback Capital LP boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after purchasing an additional 122,500 shares during the last quarter. Swedbank AB bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $53,979,000. Optas LLC grew its holdings in Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares during the period. L & S Advisors Inc bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $3,256,000. Finally, Savvy Advisors Inc. acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $758,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CMG. BMO Capital Markets lifted their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Barclays upped their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, 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 report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock valued at $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.1 %

NYSE CMG 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 firm has a market capitalization of $85.43 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The business’s 50-day moving average price is $58.62 and its two-hundred day moving average price is $81.14.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned $0.23 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.