MidFirst Bank Acquires Shares of 21,966 Chipotle Mexican Grill, Inc. $CMG

MidFirst Bank purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,966 shares of the restaurant operator’s stock, valued at approximately $813,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Capital World Investors raised its position in shares of Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after acquiring an additional 48,398,628 shares during the last quarter. Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $711,837,000. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. Capital International Investors boosted its holdings in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after acquiring an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after purchasing an additional 9,473,120 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $32.43 on Friday. The stock has a market cap of $41.60 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. The stock has a 50-day moving average of $32.66 and a 200-day moving average of $35.15. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on CMG shares. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Raymond James Financial dropped their price target on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Guggenheim cut their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Twenty-three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $45.10.

About Chipotle Mexican Grill

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.