Illinois Municipal Retirement Fund decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 21.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,242 shares of the restaurant operator's stock after selling 27,542 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Chipotle Mexican Grill were worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of CMG. HighMark Wealth Management LLC lifted its position in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 625 shares during the last quarter. Institutional investors own 91.31% of the company's stock.
Chipotle Mexican Grill Stock Up 1.4%
CMG traded up $0.77 during trading hours on Friday, reaching $55.04. 14,968,245 shares of the company's stock traded hands, compared to its average volume of 12,865,989. The firm has a 50-day moving average price of $51.23 and a 200 day moving average price of $53.58. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74. The firm has a market capitalization of $74.15 billion, a PE ratio of 48.70, a PEG ratio of 2.73 and a beta of 1.06.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company earned $13.37 EPS. The business'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.
Analysts Set New Price Targets
Several research firms recently commented on CMG. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Wells Fargo & Company dropped their target price on 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. Barclays lifted their price objective on Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an "equal weight" rating in a research report on Thursday. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.71.
Check Out Our Latest Analysis on Chipotle Mexican Grill
Insider Transactions at Chipotle Mexican Grill
In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.81% of the company's stock.
Chipotle Mexican Grill Company Profile
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Free Report)
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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