TFR Capital LLC. Purchases New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TFR Capital LLC. acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 38,763 shares of the restaurant operator's stock, valued at approximately $2,337,000. Chipotle Mexican Grill makes up 1.2% of TFR Capital LLC.'s investment portfolio, making the stock its 24th largest position.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 18.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,857 shares of the restaurant operator's stock valued at $112,000 after purchasing an additional 286 shares in the last quarter. RFG Advisory LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $342,000. First Citizens Bank & Trust Co. lifted its stake in Chipotle Mexican Grill by 4.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 12,272 shares of the restaurant operator's stock valued at $740,000 after acquiring an additional 468 shares in the last quarter. PFG Investments LLC lifted its stake in Chipotle Mexican Grill by 7.0% in the 4th quarter. PFG Investments LLC now owns 35,749 shares of the restaurant operator's stock valued at $2,156,000 after acquiring an additional 2,338 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Chipotle Mexican Grill by 41.9% in the fourth quarter. Blue Trust Inc. now owns 41,898 shares of the restaurant operator's stock worth $2,414,000 after purchasing an additional 12,369 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.93 during mid-day trading on Wednesday, reaching $50.06. The stock had a trading volume of 10,707,943 shares, compared to its average volume of 13,523,246. The stock has a 50-day simple moving average of $50.02 and a two-hundred day simple moving average of $55.08. The stock has a market capitalization of $67.45 billion, a PE ratio of 45.09, a P/E/G ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company posted $13.37 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Barclays dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Citigroup dropped their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Raymond James dropped their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $61.74.

About Chipotle Mexican Grill

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.