Retirement Systems of Alabama Acquires 9,855 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Retirement Systems of Alabama raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,104,609 shares of the restaurant operator's stock after acquiring an additional 9,855 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of Chipotle Mexican Grill worth $55,462,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMG. Union Bancaire Privee UBP SA bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $32,742,000. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after acquiring an additional 279,267 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Chipotle Mexican Grill by 313.3% during the 4th quarter. Venturi Wealth Management LLC now owns 6,146 shares of the restaurant operator's stock valued at $371,000 after acquiring an additional 4,659 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $98,000. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMG. Evercore ISI dropped their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stephens reissued an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Finally, Barclays dropped their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $60.79.

Chipotle Mexican Grill Trading Up 0.9%

Shares of CMG opened at $51.83 on Friday. The firm has a market cap of $69.83 billion, a PE ratio of 45.86, a P/E/G ratio of 2.57 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $68.91. The firm has a fifty day simple moving average of $50.57 and a two-hundred day simple moving average of $54.07.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) 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 business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company posted $13.37 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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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