Texas Bank & Trust Co Purchases Shares of 18,446 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Texas Bank & Trust Co acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,446 shares of the restaurant operator’s stock, valued at approximately $1,112,000.

A number of other hedge funds have also made changes to their positions in the business. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Evercore ISI dropped their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Royal Bank of Canada lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Finally, Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Chipotle Mexican Grill Stock Up 0.5%

CMG stock opened at $52.32 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The stock’s 50 day moving average is $49.72 and its 200-day moving average is $55.43. The firm has a market capitalization of $70.49 billion, a PE ratio of 47.12, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $13.37 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities research 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.