Cullen Frost Bankers Inc. Decreases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cullen Frost Bankers Inc. reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 578,362 shares of the restaurant operator's stock after selling 14,668 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Chipotle Mexican Grill were worth $29,040,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CMG. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC increased its stake in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares during the period. North Capital Inc. purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $31,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $38,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.6%

NYSE:CMG traded up $0.34 during trading hours on Friday, reaching $53.88. 9,512,380 shares of the company's stock were exchanged, compared to its average volume of 12,538,610. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 47.68, a P/E/G ratio of 2.64 and a beta of 1.08. The company has a 50-day moving average of $52.90 and a 200 day moving average of $52.94. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74.

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 for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.37 EPS. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMG shares. UBS Group upped their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday. TD Securities reissued a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $56.00 to $65.00 in a research report on Friday. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Barclays increased their price objective on shares of Chipotle Mexican Grill from $54.00 to $55.00 and gave the company an "equal weight" rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $61.72.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by corporate insiders.

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.