Texas Bank & Trust Co Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Texas Bank & Trust Co boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,079 shares of the restaurant operator’s stock after buying an additional 3,458 shares during the quarter. Texas Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $1,296,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. raised its position in Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. American Century Companies Inc. lifted its stake in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after purchasing an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after buying an additional 833,760 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 2.6%

Shares of CMG opened at $31.67 on Monday. The firm has a market capitalization of $42.47 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.65 and a beta of 0.99. The firm’s fifty day simple moving average is $40.37 and its 200-day simple moving average is $46.64. Chipotle Mexican Grill, Inc. has a twelve month low of $31.01 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday. Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Cowen lowered their price objective on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank Of Canada cut their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

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.