Deutsche Bank AG Purchases 832,035 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Deutsche Bank AG boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,427,405 shares of the restaurant operator’s stock after buying an additional 832,035 shares during the quarter. Deutsche Bank AG’s holdings in Chipotle Mexican Grill were worth $266,973,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC increased its holdings in shares of 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 buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $51.48 on Friday. The firm has a market capitalization of $69.37 billion, a P/E ratio of 46.37, a PEG ratio of 2.04 and a beta of 1.11. The company’s fifty day moving average price is $49.73 and its 200-day moving average price is $55.78. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.37 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. TD Securities dropped their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, April 24th. UBS Group reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Evercore ISI cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Truist Financial lowered their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley cut their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.74.

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.