Pallas Capital Advisors LLC Has $1.05 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pallas Capital Advisors LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 93.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,949 shares of the restaurant operator's stock after purchasing an additional 10,132 shares during the period. Pallas Capital Advisors LLC's holdings in Chipotle Mexican Grill were worth $1,052,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Chipotle Mexican Grill by 4,138,574.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after acquiring an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $315,220,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research note on Tuesday. They issued a "neutral" rating and a $55.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays reduced their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.37.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.67 on Thursday, reaching $51.12. The company had a trading volume of 2,152,230 shares, compared to its average volume of 13,446,216. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The firm has a market capitalization of $68.88 billion, a PE ratio of 46.05, a P/E/G ratio of 2.04 and a beta of 1.06. The firm has a 50-day moving average of $50.21 and a 200-day moving average of $54.49.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $13.37 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.