Kentucky Retirement Systems Insurance Trust Fund Has $2 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3,525.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,733 shares of the restaurant operator's stock after acquiring 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 quarter.

A number of other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $315,220,000. Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% in 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. bought a new position in Chipotle Mexican Grill during the 1st quarter worth $7,773,000. K.J. Harrison & Partners Inc increased its position in Chipotle Mexican Grill by 46.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator's stock worth $3,009,000 after buying an additional 16,000 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $488,000. Institutional investors own 91.31% of the company's stock.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Down 1.6%

Shares of NYSE CMG traded down $0.89 during midday trading on Thursday, reaching $54.25. 13,119,295 shares of the company were exchanged, compared to its average volume of 12,955,680. The stock's 50-day moving average price is $51.10 and its 200-day moving average price is $53.73. The stock has a market cap of $73.09 billion, a P/E ratio of 48.01, a PEG ratio of 2.73 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released 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 company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the business posted $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on CMG. UBS Group decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Stephens reaffirmed an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Piper Sandler cut their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Robert W. Baird reduced their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.71.

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.