Public Sector Pension Investment Board Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Public Sector Pension Investment Board grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8,266.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 50,950 shares of the restaurant operator’s stock after acquiring an additional 50,341 shares during the period. Public Sector Pension Investment Board’s holdings in Chipotle Mexican Grill were worth $3,192,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CMG. Gilbert & Cook Inc. boosted its holdings in Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after acquiring an additional 73 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in Chipotle Mexican Grill by 55.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock worth $780,000 after purchasing an additional 121 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $252,000. Dorsey & Whitney Trust CO LLC increased its stake in Chipotle Mexican Grill by 64.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 315 shares of the restaurant operator’s stock valued at $720,000 after purchasing an additional 123 shares in the last quarter. Finally, Scotia Capital Inc. purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $226,000. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,934 shares of company stock valued at $1,918,589. Corporate insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. Barclays reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Robert W. Baird decreased their price target on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Truist Financial reiterated a “buy” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Oppenheimer reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $57.34 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a fifty day moving average price of $54.53 and a 200-day moving average price of $80.99. The stock has a market cap of $78.53 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $12.65 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

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.