DRW Securities LLC Acquires 6,409 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• DRW Securities LLC increased its holdings in Chipotle Mexican Grill by 61.6%, purchasing an additional 6,409 shares, bringing its total to 16,809 shares valued at approximately $844,000.
• Wall Street analysts have mixed ratings on Chipotle, with one Strong Buy, nineteen Buy, and eight Hold ratings, and an average price target of $60.22.
• Chipotle reported an earnings per share (EPS) of $0.33 for the recent quarter, slightly exceeding analyst expectations, while revenue increased by 3.0% year-over-year.

DRW Securities LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 61.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,809 shares of the restaurant operator's stock after acquiring an additional 6,409 shares during the period. DRW Securities LLC's holdings in Chipotle Mexican Grill were worth $844,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD grew its position in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after buying an additional 425,648 shares in the last quarter. Nuveen LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at about $535,023,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Chipotle Mexican Grill by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after buying an additional 2,006,338 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMG shares. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Wednesday. TD Cowen decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Barclays decreased their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.04.

Chipotle Mexican Grill Stock Up 0.0%

CMG stock traded up $0.02 during midday trading on Wednesday, hitting $41.77. 11,871,354 shares of the company traded hands, compared to its average volume of 14,225,772. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74. The business has a 50 day simple moving average of $48.15 and a 200-day simple moving average of $49.85. The stock has a market capitalization of $56.00 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company posted $0.34 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts forecast 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.