Public Employees Retirement System of Ohio Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Public Employees Retirement System of Ohio bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 381,287 shares of the restaurant operator’s stock, valued at approximately $12,964,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $948,000. Callan Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $1,406,000. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $711,837,000. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Chipotle Mexican Grill by 40.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock valued at $9,138,000 after acquiring an additional 77,002 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 35,589 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.1%

Shares of CMG stock opened at $38.08 on Monday. The company has a market capitalization of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94. The firm has a 50-day moving average price of $34.33 and a 200 day moving average price of $33.90. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Evercore restated an “outperform” rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and issued a $42.50 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Robert W. Baird restated a “neutral” rating and set a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.84.

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.