Whittier Trust Co. of Nevada Inc. Has $25.03 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whittier Trust Co. of Nevada Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,105 shares of the restaurant operator's stock after acquiring an additional 24,721 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Chipotle Mexican Grill were worth $25,027,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after buying an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $715,000. Finally, Vinva Investment Management Ltd raised its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after acquiring an additional 21,864 shares during the period. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMG. Barclays lowered their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Wedbush reduced their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given 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 $66.67.

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Chipotle Mexican Grill Trading Down 0.2 %

Shares of Chipotle Mexican Grill stock traded down $0.11 during midday trading on Tuesday, reaching $49.49. The company had a trading volume of 11,348,955 shares, compared to its average volume of 13,047,992. The stock has a fifty day simple moving average of $54.40 and a 200 day simple moving average of $57.70. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26. The company has a market capitalization of $67.08 billion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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