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

Jacobs & Co. CA boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 31.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,166 shares of the restaurant operator's stock after buying an additional 33,773 shares during the quarter. Jacobs & Co. CA's holdings in Chipotle Mexican Grill were worth $7,138,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Park National Corp OH raised its position in Chipotle Mexican Grill by 14.2% in the 1st quarter. Park National Corp OH now owns 545,453 shares of the restaurant operator's stock worth $27,387,000 after buying an additional 67,669 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in Chipotle Mexican Grill in the 1st quarter worth about $2,035,000. Cullen Investment Group LTD. increased its position in shares of Chipotle Mexican Grill by 20.6% during the 1st quarter. Cullen Investment Group LTD. now owns 23,081 shares of the restaurant operator's stock valued at $1,159,000 after purchasing an additional 3,945 shares during the last quarter. Modus Advisors LLC increased its position in shares of Chipotle Mexican Grill by 19.8% during the 1st quarter. Modus Advisors LLC now owns 47,409 shares of the restaurant operator's stock valued at $2,380,000 after purchasing an additional 7,847 shares during the last quarter. Finally, Fire Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG traded up $0.39 during trading on Friday, reaching $50.12. 14,823,367 shares of the company traded hands, compared to its average volume of 13,504,044. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The firm has a fifty day simple moving average of $50.04 and a 200 day simple moving average of $54.95. The company has a market cap of $67.53 billion, a P/E ratio of 45.15, a PEG ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the firm posted $13.37 EPS. The company's revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CMG shares. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Morgan Stanley reduced their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wedbush reduced their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.60.

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.