MidFirst Bank acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,344 shares of the restaurant operator’s stock, valued at approximately $692,000.
Several other large investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $28,000. Merkkuri Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth about $28,000. Finally, Kelleher Financial Advisors acquired a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $28,000. Institutional investors own 91.30% of the company’s stock.
Chipotle Mexican Grill Stock Up 0.4%
CMG stock opened at $33.65 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $44.27. The firm has a market cap of $42.58 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.13 and a beta of 0.94. The company’s 50-day moving average price is $33.48 and its two-hundred day moving average price is $34.07.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Argus increased their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Stephens reiterated a “positive” rating and issued a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Evercore reissued an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Weiss Ratings upgraded Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Finally, Piper Sandler lowered their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.
Check Out Our Latest Stock Analysis on Chipotle Mexican Grill
Chipotle Mexican Grill Company 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.
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