Wilmington Savings Fund Society FSB Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wilmington Savings Fund Society FSB purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,589 shares of the restaurant operator’s stock, valued at approximately $668,000.

Several other institutional investors also recently made changes to their positions in the stock. RiverPark Advisors LLC increased its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the last quarter. Archer Investment Corp acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group raised its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. Chilton Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter valued at approximately $27,000. Finally, MCF Advisors LLC grew its stake in Chipotle Mexican Grill by 5,525.0% during the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock worth $28,000 after buying an additional 442 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI raised their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial raised their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Oppenheimer restated an “outperform” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.71.

Chipotle Mexican Grill Price Performance

CMG stock opened at $64.59 on Monday. The firm has a fifty day moving average price of $60.20 and a two-hundred day moving average price of $81.19. Chipotle Mexican Grill, Inc. has a 1-year low of $44.08 and a 1-year high of $69.26. The firm has a market cap of $88.01 billion, a price-to-earnings ratio of 60.36, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.