Pallas Capital Advisors LLC Buys 10,132 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pallas Capital Advisors LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 93.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 10,132 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised its holdings in Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after purchasing an additional 176 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Schechter Investment Advisors LLC raised its holdings in Chipotle Mexican Grill by 1.2% in the 4th quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock worth $1,127,000 after purchasing an additional 220 shares in the last quarter. Aljian Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.9% in the 4th quarter. Aljian Capital Management LLC now owns 12,285 shares of the restaurant operator’s stock worth $741,000 after purchasing an additional 225 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its holdings in Chipotle Mexican Grill by 3.5% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,755 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 229 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 1.0%

Shares of NYSE CMG opened at $50.61 on Wednesday. The firm’s 50-day moving average price is $50.12 and its 200-day moving average price is $54.51. The company has a market cap of $68.19 billion, a PE ratio of 45.59, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

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

Wall Street Analysts Forecast Growth

CMG has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Stephens reiterated an “equal weight” rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $61.37.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider now owns 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company’s stock.

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.