Cullen Frost Bankers Inc. Sells 15,037 Shares of Chipotle Mexican Grill, Inc. $CMG

Cullen Frost Bankers Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 563,325 shares of the restaurant operator’s stock after selling 15,037 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Chipotle Mexican Grill were worth $31,631,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMG. Nuveen LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $535,023,000. Goldman Sachs Group Inc. raised its position in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after purchasing an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. raised its position in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock worth $235,580,000 after purchasing an additional 4,759,520 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $42.37 on Wednesday. The company has a market capitalization of $56.81 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 2.52 and a beta of 0.99. The business has a fifty day moving average price of $41.10 and a two-hundred day moving average price of $47.22. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Jefferies Financial Group decreased their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, September 3rd. Truist Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.03.

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.