MidFirst Bank Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

MidFirst Bank bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,344 shares of the restaurant operator’s stock, valued at approximately $692,000.

A number of other hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% in the fourth 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 in the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $224,000. Empowered Funds LLC increased its holdings in shares of Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after acquiring an additional 129,066 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMG. Argus upped their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Mizuho boosted their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Citigroup lowered their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Stephens reiterated a “positive” rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.

Chipotle Mexican Grill Stock Up 0.4%

Shares of NYSE:CMG opened at $33.65 on Tuesday. 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. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $44.27. The business has a fifty day simple moving average of $33.48 and a 200 day simple moving average of $34.07.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current 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.