Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by First Financial Corp IN

First Financial Corp IN increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1,513.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,589 shares of the restaurant operator's stock after purchasing an additional 12,747 shares during the period. First Financial Corp IN's holdings in Chipotle Mexican Grill were worth $682,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Chipotle Mexican Grill by 4,138,574.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. increased its stake in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $315,220,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CMG shares. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Morgan Stanley reduced their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $2.05 during midday trading on Wednesday, hitting $52.12. 17,869,309 shares of the stock were exchanged, compared to its average volume of 13,494,228. The stock has a market cap of $70.22 billion, a price-to-earnings ratio of 46.95, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The stock's 50-day moving average price is $50.01 and its 200-day moving average price is $54.79.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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 net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $13.37 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts anticipate 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.