Deutsche Bank AG Purchases Shares of 5,968,940 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Deutsche Bank acquired 5,968,940 Chipotle shares during the second quarter, worth approximately $202.9 million and representing about 0.47% of the company. Institutional investors collectively own 91.3% of CMG.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $44.16. Recent targets range from $38 to $45.
• Chipotle reported quarterly EPS of $0.33, narrowly exceeding estimates, while revenue reached $3.35 billion, up 9.3% year over year. Shares opened at $33.36, near their 50-day and 200-day moving averages.

Deutsche Bank AG purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,968,940 shares of the restaurant operator's stock, valued at approximately $202,944,000. Deutsche Bank AG owned approximately 0.47% of Chipotle Mexican Grill as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. City State Bank increased its position in shares of Chipotle Mexican Grill by 13.4% during the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator's stock worth $86,000 after purchasing an additional 275 shares in the last quarter. Groupama Asset Managment increased its position in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator's stock worth $568,000 after purchasing an additional 291 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator's stock valued at $250,000 after purchasing an additional 298 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator's stock valued at $407,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMG. Barclays lowered their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, April 30th. BNP Paribas Exane increased their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. TD Cowen reissued a "buy" rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Royal Bank Of Canada restated an "outperform" rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Citigroup cut their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Twenty-four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $44.16.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $33.36 on Wednesday. The firm has a market capitalization of $42.22 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $43.99. The company's fifty day moving average price is $33.55 and its 200-day moving average price is $34.03.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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