Kentucky Retirement Systems Insurance Trust Fund Acquires 38,637 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3,525.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,733 shares of the restaurant operator's stock after purchasing an additional 38,637 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Chipotle Mexican Grill were worth $1,995,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth $127,892,000. Vantage Investment Partners LLC boosted its position in Chipotle Mexican Grill by 12.0% during the first quarter. Vantage Investment Partners LLC now owns 721,484 shares of the restaurant operator's stock valued at $36,226,000 after purchasing an additional 77,335 shares during the last quarter. Center for Financial Planning Inc. grew its stake in Chipotle Mexican Grill by 27.0% in the first quarter. Center for Financial Planning Inc. now owns 8,037 shares of the restaurant operator's stock valued at $404,000 after purchasing an additional 1,710 shares in the last quarter. Heartland Bank & Trust Co grew its stake in Chipotle Mexican Grill by 15.0% in the first quarter. Heartland Bank & Trust Co now owns 15,167 shares of the restaurant operator's stock valued at $762,000 after purchasing an additional 1,984 shares in the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter worth about $143,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. UBS Group decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays cut their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $60.79.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG traded up $1.06 during trading hours on Tuesday, hitting $54.84. The stock had a trading volume of 6,816,330 shares, compared to its average volume of 13,079,401. The stock has a market capitalization of $73.89 billion, a price-to-earnings ratio of 48.53, a P/E/G ratio of 2.62 and a beta of 1.06. The company's fifty day moving average is $50.72 and its two-hundred day moving average is $53.78. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping 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 business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $13.37 EPS. Chipotle Mexican Grill's revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.