Dorsey & Whitney Trust CO LLC Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dorsey & Whitney Trust CO LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6,299.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,150 shares of the restaurant operator’s stock after acquiring an additional 16,882 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Chipotle Mexican Grill were worth $1,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Chipotle Mexican Grill by 4,260.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock worth $196,241,000 after buying an additional 3,060,498 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Chipotle Mexican Grill by 3,988.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock worth $187,730,000 after buying an additional 2,923,203 shares during the period. Rhumbline Advisers increased its position in Chipotle Mexican Grill by 4,947.9% during the second quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after acquiring an additional 2,581,625 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Chipotle Mexican Grill by 24,348.1% during the second quarter. National Bank of Canada FI now owns 1,974,431 shares of the restaurant operator’s stock valued at $121,993,000 after acquiring an additional 1,966,355 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Piper Sandler dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. StockNews.com cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. KeyCorp decreased their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Loop Capital cut their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Price Performance

CMG opened at $54.21 on Wednesday. The business’s 50-day moving average is $54.66 and its two-hundred day moving average is $81.03. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a market capitalization of $74.44 billion, a PE ratio of 57.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $12.65 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current 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.