Argent Trust Co Purchases 12,446 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Argent Trust Co lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,700 shares of the restaurant operator’s stock after purchasing an additional 12,446 shares during the period. Argent Trust Co’s holdings in Chipotle Mexican Grill were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gilbert & Cook Inc. increased its holdings in Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Chipotle Mexican Grill by 55.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after buying an additional 121 shares during the period. Clearbridge Investments LLC raised its position in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. Clearbridge Investments LLC now owns 3,388 shares of the restaurant operator’s stock worth $7,748,000 after acquiring an additional 28 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Chipotle Mexican Grill by 1.8% in the fourth quarter. D.A. Davidson & CO. now owns 1,787 shares of the restaurant operator’s stock worth $4,087,000 after acquiring an additional 32 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Chipotle Mexican Grill by 91.4% in the fourth quarter. Corient Private Wealth LLC now owns 10,707 shares of the restaurant operator’s stock worth $24,487,000 after acquiring an additional 5,114 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CMG. Loop Capital lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, KeyCorp dropped their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Price Performance

CMG opened at $57.95 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The company has a market capitalization of $79.59 billion, a price-to-earnings ratio of 61.65, a P/E/G ratio of 2.33 and a beta of 1.25. The firm’s fifty day moving average price is $54.27 and its two-hundred day moving average price is $80.82.

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

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock valued at $1,918,589 over the last three months. Corporate insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.