New Hampshire Trust Reduces Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

New Hampshire Trust decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139 shares of the restaurant operator’s stock after selling 5 shares during the quarter. New Hampshire Trust’s holdings in Chipotle Mexican Grill were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CMG. Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter worth $805,529,000. International Assets Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 220,249.6% during the fourth quarter. International Assets Investment Management LLC now owns 301,879 shares of the restaurant operator’s stock valued at $6,903,850,000 after acquiring an additional 301,742 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Chipotle Mexican Grill by 41.6% during the third quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock valued at $727,570,000 after acquiring an additional 116,723 shares in the last quarter. 1832 Asset Management L.P. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $100,535,000. Finally, DSM Capital Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 139.2% during the fourth quarter. DSM Capital Partners LLC now owns 68,736 shares of the restaurant operator’s stock valued at $157,196,000 after acquiring an additional 40,000 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now owns 22,669 shares of the company’s stock, valued at approximately $72,221,620.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now owns 22,669 shares of the company’s stock, valued at approximately $72,221,620.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Scott Boatwright sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the transaction, the chief operating officer now directly owns 2,412 shares in the company, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Insiders have sold a total of 11,015 shares of company stock valued at $35,023,769 in the last quarter. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Down 6.2 %

NYSE CMG opened at $3,214.49 on Friday. The stock’s 50 day moving average is $3,134.95 and its 200 day moving average is $2,741.09. Chipotle Mexican Grill, Inc. has a 12 month low of $1,768.64 and a 12 month high of $3,463.07. The stock has a market cap of $88.30 billion, a PE ratio of 68.60, a P/E/G ratio of 2.73 and a beta of 1.25.

Chipotle Mexican Grill’s stock is scheduled to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on Chipotle Mexican Grill from $2,750.00 to $3,000.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $3,300.00 to $3,485.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. BTIG Research lifted their price objective on Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Wedbush reiterated a “neutral” rating and issued a $3,200.00 price objective on shares of Chipotle Mexican Grill in a report on Monday. Finally, UBS Group lifted their price objective on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3,201.19.

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.