Public Employees Retirement Association of Colorado Trims Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Public Employees Retirement Association of Colorado cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 54.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,979 shares of the restaurant operator’s stock after selling 5,888 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Chipotle Mexican Grill were worth $6,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in shares of Chipotle Mexican Grill by 43.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,063 shares of the restaurant operator’s stock worth $1,322,000 after purchasing an additional 321 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $220,000. The Manufacturers Life Insurance Company grew its stake in shares of Chipotle Mexican Grill by 2.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,115 shares of the restaurant operator’s stock worth $36,211,000 after purchasing an additional 772 shares during the period. Acadian Asset Management LLC grew its stake in shares of Chipotle Mexican Grill by 227.3% during the 3rd quarter. Acadian Asset Management LLC now owns 180 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 125 shares during the period. Finally, Madison Wealth Management acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $497,000. 87.79% of the stock is owned by institutional investors.

CMG has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Chipotle Mexican Grill from $1,040.00 to $1,115.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Bank of America lifted their price target on shares of Chipotle Mexican Grill from $1,200.00 to $1,325.00 and gave the company a “neutral” rating in a research note on Monday, September 28th. Credit Suisse Group lifted their price target on shares of Chipotle Mexican Grill from $1,250.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, October 16th. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $1,514.00 to $1,745.00 and gave the company an “overweight” rating in a research note on Monday, November 16th. Finally, BTIG Research lifted their price target on shares of Chipotle Mexican Grill from $1,375.00 to $1,450.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,317.95.

In other news, insider Roger E. Theodoredis sold 2,651 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $1,267.17, for a total transaction of $3,359,267.67. Following the transaction, the insider now owns 4,293 shares in the company, valued at approximately $5,439,960.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

NYSE CMG opened at $1,292.57 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $415.00 and a 52 week high of $1,384.46. The business’s fifty day simple moving average is $1,284.72 and its 200-day simple moving average is $1,163.65. The firm has a market cap of $36.17 billion, a PE ratio of 154.61, a P/E/G ratio of 5.46 and a beta of 1.43.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 21st. The restaurant operator reported $3.76 EPS for the quarter, topping the consensus estimate of $3.44 by $0.32. Chipotle Mexican Grill had a return on equity of 16.70% and a net margin of 4.08%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm earned $3.82 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 10.97 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2019, it operated 2,580 restaurants in the United States; 39 international Chipotle restaurants; and 3 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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