Indiana Trust & Investment Management Co Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Indiana Trust & Investment Management Co raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 176.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,780 shares of the restaurant operator’s stock after acquiring an additional 4,330 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Chipotle Mexican Grill were worth $409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Warther Private Wealth LLC raised its holdings in shares of Chipotle Mexican Grill by 2.0% in the 4th quarter. Warther Private Wealth LLC now owns 164,902 shares of the restaurant operator’s stock valued at $9,944,000 after purchasing an additional 3,252 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $226,000. Peterson Wealth Services raised its stake in Chipotle Mexican Grill by 10.3% in the fourth quarter. Peterson Wealth Services now owns 5,772 shares of the restaurant operator’s stock valued at $348,000 after buying an additional 538 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $311,000. Finally, Essex Financial Services Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $207,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wedbush dropped their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

CMG opened at $56.22 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock has a market capitalization of $76.60 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.14 and a beta of 1.27. The business has a 50 day simple moving average of $60.03 and a 200-day simple moving average of $57.99.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.