North Dakota State Investment Board Purchases Shares of 46,004 Chipotle Mexican Grill, Inc. $CMG

North Dakota State Investment Board purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 46,004 shares of the restaurant operator’s stock, valued at approximately $1,702,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Murphy & Mullick Capital Management Corp lifted its holdings in shares of Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Winthrop Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $31,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CMG. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. DA Davidson initiated 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 on the stock. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley reduced their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

Chipotle Mexican Grill Stock Down 2.3%

NYSE:CMG opened at $32.98 on Wednesday. The company has a market cap of $42.30 billion, a P/E ratio of 30.26, a P/E/G ratio of 2.17 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The firm’s 50 day moving average is $33.43 and its two-hundred day moving average is $35.22.

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