Board of the Pension Protection Fund Sells 16,600 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Board of the Pension Protection Fund reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 84.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,000 shares of the restaurant operator's stock after selling 16,600 shares during the period. Board of the Pension Protection Fund's holdings in Chipotle Mexican Grill were worth $151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares in the last quarter. Community Trust & Investment Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $7,773,000. Headlands Technologies LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $488,000. Finally, Interval Partners LP purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $51,811,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $55.04 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The stock has a 50 day moving average price of $51.23 and a two-hundred day moving average price of $53.66. The company has a market capitalization of $74.15 billion, a P/E ratio of 48.70, a PEG ratio of 2.69 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $13.37 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Royal Bank Of Canada cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.

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.

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