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

MidFirst Bank bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, Holdings Channel.com reports. The firm bought 21,966 shares of the restaurant operator’s stock, valued at approximately $813,000.

A number of other large investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $224,000. Empowered Funds LLC grew its stake in shares of Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after buying an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in Chipotle Mexican Grill by 88.8% during the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. Barclays dropped their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 5th. BNP Paribas Exane raised their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial reduced their price target on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. 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 stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $45.10.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.43 on Friday. The business has a fifty day simple moving average of $32.66 and a two-hundred day simple moving average of $35.15. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $58.42. The company has a market capitalization of $41.60 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.09 and a beta of 0.99.

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

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.