National Pension Service Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

National Pension Service lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,598,737 shares of the restaurant operator’s stock after buying an additional 434,237 shares during the quarter. National Pension Service’s holdings in Chipotle Mexican Grill were worth $207,359,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Shellback Capital LP lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after buying an additional 122,500 shares during the last quarter. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $53,979,000. Pathway Financial Advisers LLC increased its holdings in shares of Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 8,493 shares during the period. Optas LLC increased its holdings in shares of Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after acquiring an additional 13,060 shares during the period. Finally, Transform Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after acquiring an additional 9,331 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. 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. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred 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 owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock worth $2,817,127 in the last three months. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.97 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $40.73 and a 12-month high of $69.26. The stock has a market capitalization of $79.39 billion, a P/E ratio of 54.53, a P/E/G ratio of 2.27 and a beta of 1.26. The firm’s 50-day moving average is $57.28 and its two-hundred day moving average is $81.46.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

CMG has been the topic of a number of recent research reports. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Barclays lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.