Jacobs & Co. CA Buys 33,773 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jacobs & Co. CA raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 31.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,166 shares of the restaurant operator's stock after purchasing an additional 33,773 shares during the period. Jacobs & Co. CA's holdings in Chipotle Mexican Grill were worth $7,138,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $45,000. Mascagni Wealth Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Piper Sandler decreased their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Barclays decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. KeyCorp decreased their price target on 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. Finally, Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Trading Down 1.5%

NYSE CMG traded down $0.73 during trading on Monday, reaching $49.35. 5,009,128 shares of the company's stock were exchanged, compared to its average volume of 12,774,096. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm has a market capitalization of $66.49 billion, a PE ratio of 44.46, a P/E/G ratio of 2.04 and a beta of 1.11. The company's fifty day simple moving average is $50.04 and its 200-day simple moving average is $54.88.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted 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. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business earned $13.37 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.