New York State Common Retirement Fund Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

New York State Common Retirement Fund lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,923,052 shares of the restaurant operator’s stock after purchasing an additional 1,978 shares during the period. New York State Common Retirement Fund’s holdings in Chipotle Mexican Grill were worth $110,806,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Quent Capital LLC lifted its position in shares of Chipotle Mexican Grill by 2.0% during the 1st quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock valued at $599,000 after acquiring an additional 4 shares during the period. First National Bank of Hutchinson raised its holdings in Chipotle Mexican Grill by 1.1% during the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after purchasing an additional 4 shares during the last quarter. Pacific Center for Financial Services raised its holdings in Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Chipotle Mexican Grill by 0.5% during the first quarter. Gilbert & Cook Inc. now owns 1,033 shares of the restaurant operator’s stock worth $3,003,000 after purchasing an additional 5 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its holdings in Chipotle Mexican Grill by 3.0% in the first quarter. Moloney Securities Asset Management LLC now owns 170 shares of the restaurant operator’s stock valued at $494,000 after purchasing an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,684 shares of company stock worth $2,817,127. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Up 5.1 %

Shares of NYSE CMG opened at $58.59 on Friday. The stock has a market capitalization of $80.24 billion, a PE ratio of 54.53, a P/E/G ratio of 2.41 and a beta of 1.25. The firm has a fifty day moving average of $57.28 and a 200-day moving average of $81.14. Chipotle Mexican Grill, Inc. has a 52-week low of $39.92 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMG shares. Citigroup cut their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. The Goldman Sachs Group cut their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday. Guggenheim lifted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Company Profile

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.