Trust Co. of Toledo NA OH Buys 2,087 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Trust Co. of Toledo NA OH raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.4% in the fourth quarter, Holdings Channel reports. The firm owned 20,438 shares of the restaurant operator’s stock after acquiring an additional 2,087 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Chipotle Mexican Grill were worth $1,232,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Alpha DNA Investment Management LLC lifted its holdings in Chipotle Mexican Grill by 1.2% in the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock valued at $786,000 after acquiring an additional 168 shares during the period. Lecap Asset Management Ltd. grew its holdings in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after buying an additional 175 shares in the last quarter. Connable Office Inc. grew its stake in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares in the last quarter. Albion Financial Group UT increased its holdings in shares of Chipotle Mexican Grill by 14.4% in the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 180 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Chipotle Mexican Grill by 8.7% in the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator’s stock worth $133,000 after buying an additional 185 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Loop Capital increased their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Piper Sandler boosted their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the firm’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 sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.43 during trading hours on Monday, reaching $56.07. The company’s stock had a trading volume of 1,745,536 shares, compared to its average volume of 7,422,581. The stock has a 50 day moving average price of $60.94 and a two-hundred day moving average price of $58.00. The company has a market capitalization of $76.40 billion, a P/E ratio of 52.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $45.50 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.