Indiana Trust & Investment Management Co Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Indiana Trust & Investment Management Co increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 176.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,780 shares of the restaurant operator’s stock after purchasing an additional 4,330 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Chipotle Mexican Grill were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CMG. Transcendent Capital Group LLC raised its position in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Evercore ISI upped their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $56.22 on Wednesday. The firm has a market cap of $76.60 billion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The stock 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 issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.