Pallas Capital Advisors LLC Acquires 66,938 Shares of Chipotle Mexican Grill, Inc. $CMG

Pallas Capital Advisors LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 722.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,198 shares of the restaurant operator’s stock after acquiring an additional 66,938 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Operose Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $26,000. Finally, Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 4.1%

Shares of CMG opened at $30.85 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The stock has a market capitalization of $40.18 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.89 and a beta of 1.00. The company has a 50 day moving average of $36.70 and a 200-day moving average of $36.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley cut their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Sanford C. Bernstein upped their target price on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Truist Financial increased their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.47.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.