Trust Co of the South Has $404,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Trust Co of the South cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,700 shares of the restaurant operator’s stock after selling 800 shares during the quarter. Trust Co of the South’s holdings in Chipotle Mexican Grill were worth $404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Archer Investment Corp acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $25,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of 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 purchasing an additional 392 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $27,000. MCF Advisors LLC grew its holdings in shares of 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 in the last quarter. Finally, ZRC Wealth Management LLC raised its position in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Stephens restated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.55.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.42 during trading on Thursday, hitting $59.88. The company had a trading volume of 3,277,742 shares, compared to its average volume of 13,141,393. The firm has a market capitalization of $81.59 billion, a P/E ratio of 55.73, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.08 and a one year high of $69.26. The stock’s 50-day moving average price is $60.97 and its 200 day moving average price is $80.94.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % 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 Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently 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.