Raiffeisen Bank International AG Purchases New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Raiffeisen Bank International AG purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,041 shares of the restaurant operator's stock, valued at approximately $3,608,000.

Other institutional investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $50,000. Institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. TD Securities decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Nine research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Stock Up 0.5%

CMG stock traded up $0.28 during midday trading on Friday, hitting $52.32. The company's stock had a trading volume of 10,833,771 shares, compared to its average volume of 13,565,012. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The firm has a market capitalization of $70.49 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The company has a 50 day moving average of $49.72 and a two-hundred day moving average of $55.42.

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 the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $13.37 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.