Blue Trust Inc. Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Blue Trust Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,345 shares of the restaurant operator's stock after purchasing an additional 7,816 shares during the quarter. Blue Trust Inc.'s holdings in Chipotle Mexican Grill were worth $2,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Asset Planning Inc purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $327,000. V Square Quantitative Management LLC boosted its stake in shares of Chipotle Mexican Grill by 10.9% during the fourth quarter. V Square Quantitative Management LLC now owns 7,912 shares of the restaurant operator's stock valued at $477,000 after purchasing an additional 775 shares during the period. Catalyst Financial Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 3.5% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,755 shares of the restaurant operator's stock valued at $407,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Chipotle Mexican Grill by 3.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 546,253 shares of the restaurant operator's stock valued at $33,201,000 after purchasing an additional 16,964 shares during the period. Finally, Aljian Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Aljian Capital Management LLC now owns 12,285 shares of the restaurant operator's stock valued at $741,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. TD Cowen increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Wedbush dropped their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.70 during trading on Wednesday, reaching $53.80. 15,502,044 shares of the stock traded hands, compared to its average volume of 10,763,205. The stock has a 50-day moving average of $59.14 and a two-hundred day moving average of $58.18. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock has a market cap of $73.30 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by corporate 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.