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

Deutsche Bank AG acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,968,940 shares of the restaurant operator’s stock, valued at approximately $202,944,000.

Other large investors have also made changes to their positions in the company. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $25,000. MV Capital Management Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at $28,000. Kelleher Financial Advisors purchased a new stake in Chipotle Mexican Grill in the second quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. DA Davidson boosted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Mizuho boosted their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, July 13th. BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Twenty-four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.

Chipotle Mexican Grill Trading Down 1.2%

Shares of CMG stock opened at $33.36 on Wednesday. The company has a market capitalization of $42.22 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.13 and a beta of 0.94. The business’s 50 day moving average is $33.55 and its two-hundred day moving average is $34.03. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $43.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.