Retirement Systems of Alabama Has $68.92 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Retirement Systems of Alabama increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,196,083 shares of the restaurant operator’s stock after buying an additional 274,533 shares during the period. Retirement Systems of Alabama’s holdings in Chipotle Mexican Grill were worth $68,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. NINE MASTS CAPITAL Ltd bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $470,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Chipotle Mexican Grill by 5,432.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 141,973 shares of the restaurant operator’s stock worth $8,895,000 after purchasing an additional 139,407 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at about $401,000. Envestnet Portfolio Solutions Inc. lifted its position in Chipotle Mexican Grill by 4,070.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 41,744 shares of the restaurant operator’s stock worth $2,615,000 after buying an additional 40,743 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Chipotle Mexican Grill by 4,879.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 17,775 shares of the restaurant operator’s stock valued at $1,026,000 after acquiring an additional 17,418 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on CMG shares. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday. Stephens reissued an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Wedbush reiterated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Barclays boosted their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.71.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.18 during trading hours on Friday, reaching $65.98. 168,019 shares of the company were exchanged, compared to its average volume of 13,396,566. The business has a 50 day moving average of $60.05 and a 200 day moving average of $80.92. The company has a market capitalization of $89.90 billion, a P/E ratio of 61.60, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.08 and a 1-year 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 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.