13,026 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA acquired 13,026 shares of Chipotle Mexican Grill, valued at approximately $654,000, during the first quarter.
• A majority of Chipotle's stock (91.30%) is owned by hedge funds and other institutional investors, reflecting strong institutional interest in the company.
• Analysts generally maintain a positive outlook for Chipotle, with an average rating of "Moderate Buy" and a consensus target price of $59.93.

Petrus Trust Company LTA purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,026 shares of the restaurant operator's stock, valued at approximately $654,000.

A number of other large investors have also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV lifted its position in shares of Chipotle Mexican Grill by 0.7% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 171,948 shares of the restaurant operator's stock valued at $8,634,000 after buying an additional 1,240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Chipotle Mexican Grill by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 216,127 shares of the restaurant operator's stock valued at $10,851,000 after buying an additional 4,463 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Chipotle Mexican Grill by 13.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 24,490 shares of the restaurant operator's stock worth $1,230,000 after purchasing an additional 2,991 shares in the last quarter. Hancock Whitney Corp boosted its stake in Chipotle Mexican Grill by 0.9% in the 1st quarter. Hancock Whitney Corp now owns 32,645 shares of the restaurant operator's stock worth $1,639,000 after purchasing an additional 307 shares during the period. Finally, DoubleLine ETF Adviser LP bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $1,607,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent analyst reports. TD Securities restated a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. TD Cowen decreased their price objective on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. KeyCorp decreased their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Barclays decreased their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Finally, Citigroup decreased their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.93.

Chipotle Mexican Grill Stock Down 0.9%

CMG stock opened at $41.04 on Friday. The firm has a market cap of $55.03 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.09 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a twelve month low of $40.73 and a twelve month high of $66.74. The business's fifty day simple moving average is $47.35 and its two-hundred day simple moving average is $49.56.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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