Texas Bank & Trust Co Sells 14,903 Shares of Chipotle Mexican Grill, Inc. $CMG

Texas Bank & Trust Co decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 62.3% in the 1st quarter, HoldingsChannel reports. The firm owned 9,032 shares of the restaurant operator’s stock after selling 14,903 shares during the period. Texas Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $711,837,000. Vanguard Group Inc. raised its holdings in Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares during the period. Capital World Investors raised its holdings in Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares during the period. Clearbridge Investments LLC lifted its position in Chipotle Mexican Grill by 206.4% during the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after acquiring an additional 9,473,120 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Chipotle Mexican Grill by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after acquiring an additional 9,237,720 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $34.55 on Friday. The firm has a 50 day simple moving average of $32.31 and a two-hundred day simple moving average of $34.99. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $57.04. The company has a market cap of $44.32 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.16 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CMG shares. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Barclays lowered their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Guggenheim reduced their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Twenty-three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.10.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.