WASHINGTON TRUST Co Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

WASHINGTON TRUST Co trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,196 shares of the restaurant operator’s stock after selling 245 shares during the period. WASHINGTON TRUST Co’s holdings in Chipotle Mexican Grill were worth $193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Center for Financial Planning Inc. grew its holdings in shares of Chipotle Mexican Grill by 22.2% in the fourth quarter. Center for Financial Planning Inc. now owns 6,327 shares of the restaurant operator’s stock valued at $382,000 after purchasing an additional 1,149 shares in the last quarter. PUREfi Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $356,000. ABC Arbitrage SA acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $1,367,000. Adell Harriman & Carpenter Inc. grew its holdings in shares of Chipotle Mexican Grill by 157.4% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 10,450 shares of the restaurant operator’s stock valued at $630,000 after purchasing an additional 6,390 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG grew its holdings in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock valued at $91,571,000 after purchasing an additional 279,267 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $57.06 on Friday. The company has a market cap of $77.74 billion, a P/E ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a fifty day moving average of $59.50 and a two-hundred day moving average of $58.07.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company’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 $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMG. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wedbush lowered their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Stephens lowered their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.31.

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.