Chipotle Mexican Grill, Inc. $CMG Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 762,397 shares of the restaurant operator’s stock after acquiring an additional 40,980 shares during the quarter. First Trust Advisors LP’s holdings in Chipotle Mexican Grill were worth $24,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth $25,000. MV Capital Management Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $28,000. Merkkuri Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $28,000. Finally, Ankerstar Wealth LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $33,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMG. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. BTIG Research reiterated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. BNP Paribas Exane increased their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Barclays reduced their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Chipotle Mexican Grill Stock Up 1.0%

Shares of CMG opened at $33.55 on Wednesday. The company has a market capitalization of $43.03 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $44.83. The stock has a 50 day moving average price of $32.62 and a 200 day moving average price of $34.64.

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

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.