Texas Bank & Trust Co Has $289,000 Stake in Chipotle Mexican Grill, Inc. $CMG

Texas Bank & Trust Co cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 62.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

A number of other large investors have also recently added to or reduced their stakes in CMG. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $711,837,000. Vanguard Group Inc. raised its position 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 buying an additional 18,660,882 shares during the last quarter. Capital World Investors lifted its stake 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 in the last quarter. Clearbridge Investments LLC boosted its position in Chipotle Mexican Grill by 206.4% during the 4th 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 boosted its position in Chipotle Mexican Grill by 18.8% during the 4th 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. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 3.4%

NYSE CMG opened at $34.55 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $57.04. The stock has a 50 day moving average of $32.31 and a 200-day moving average of $34.99. The company has a market cap of $44.32 billion, a PE ratio of 31.70, a PEG 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, hitting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMG shares. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, May 5th. BNP Paribas Exane lifted their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Stephens boosted their price target on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $37.00 to $40.00 in a research report on Friday, March 20th. Twenty-three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.