Public Employees Retirement System of Ohio Reduces Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Public Employees Retirement System of Ohio reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,993 shares of the restaurant operator's stock after selling 27,717 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Chipotle Mexican Grill were worth $35,275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Koshinski Asset Management Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $228,000. Daymark Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 6.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 4,259 shares of the restaurant operator's stock worth $257,000 after purchasing an additional 259 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Chipotle Mexican Grill by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 443,988 shares of the restaurant operator's stock valued at $26,772,000 after purchasing an additional 18,245 shares during the period. Avior Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 18.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,857 shares of the restaurant operator's stock valued at $112,000 after purchasing an additional 286 shares during the last quarter. Finally, Verde Capital Management raised its stake in shares of Chipotle Mexican Grill by 20.3% during the 4th quarter. Verde Capital Management now owns 30,786 shares of the restaurant operator's stock worth $1,856,000 after purchasing an additional 5,200 shares during the period. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CMG shares. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Stephens reiterated an "equal weight" rating and issued a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Nine 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.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Stock Up 0.0%

CMG traded up $0.03 on Thursday, hitting $50.10. The company had a trading volume of 3,101,308 shares, compared to its average volume of 13,482,515. The business's fifty day simple moving average is $50.02 and its 200 day simple moving average is $55.08. The company has a market cap of $67.50 billion, a PE ratio of 45.08, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $13.37 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.