Cullen Frost Bankers Inc. Sells 34,732 Shares of Chipotle Mexican Grill, Inc. $CMG

Cullen Frost Bankers Inc. cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 493,119 shares of the restaurant operator’s stock after selling 34,732 shares during the period. Cullen Frost Bankers Inc.’s holdings in Chipotle Mexican Grill were worth $18,245,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Nova Scotia lifted its stake in Chipotle Mexican Grill by 11.0% in the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after purchasing an additional 47,241 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $1,597,000. Crescent Park Management L.P. bought a new stake in Chipotle Mexican Grill in the third quarter worth $5,911,000. WINTON GROUP Ltd lifted its stake in Chipotle Mexican Grill by 269.6% in the third quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after purchasing an additional 277,090 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its stake in Chipotle Mexican Grill by 6.8% in the third quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock worth $19,521,000 after purchasing an additional 31,560 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 2.3%

Shares of NYSE:CMG opened at $32.98 on Wednesday. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03. The company has a 50-day moving average price of $33.43 and a 200-day moving average price of $35.22. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued 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. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 price objective for the company. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $46.03.

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.