Pallas Capital Advisors LLC Has $2.82 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Pallas Capital Advisors LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 722.9% in the fourth quarter, Holdings Channel reports. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the last quarter. Trueblood Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 253 shares in the last quarter. Scotia Capital Inc. increased its holdings in Chipotle Mexican Grill by 0.4% during the second quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock worth $4,288,000 after buying an additional 269 shares during the last quarter. Lakeshore Capital Group Inc. raised its position in Chipotle Mexican Grill by 1.9% during the third quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock worth $573,000 after acquiring an additional 272 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc raised its position in Chipotle Mexican Grill by 0.8% during the third quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock worth $1,465,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMG. The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Argus reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, February 5th. Barclays reduced their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.47.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $30.85 on Friday. The stock has a market cap of $40.18 billion, a PE ratio of 27.06, a P/E/G ratio of 1.89 and a beta of 1.00. The firm has a 50-day moving average of $36.70 and a 200-day moving average of $36.94. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.