38,763 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Purchased by TFR Capital LLC.

TFR Capital LLC. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 38,763 shares of the restaurant operator's stock, valued at approximately $2,337,000. Chipotle Mexican Grill comprises 1.2% of TFR Capital LLC.'s holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after purchasing an additional 176 shares during the period. BTC Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in shares of Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after acquiring an additional 218 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 1.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator's stock worth $1,127,000 after buying an additional 220 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.39 during midday trading on Friday, reaching $50.12. 14,823,367 shares of the company's stock traded hands, compared to its average volume of 13,504,044. The business has a 50-day moving average price of $50.04 and a two-hundred day moving average price of $54.95. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $67.53 billion, a P/E ratio of 45.15, a PEG ratio of 2.04 and a beta of 1.11.

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

Wall Street Analyst Weigh In

CMG has been the topic of several recent research reports. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wedbush lowered their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Evercore ISI decreased their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Company 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.