Teachers Retirement System of The State of Kentucky Has $3.26 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teachers Retirement System of The State of Kentucky decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,061 shares of the restaurant operator’s stock after selling 89 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Chipotle Mexican Grill were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Mission Wealth Management LP increased its holdings in shares of Chipotle Mexican Grill by 5.3% in the first quarter. Mission Wealth Management LP now owns 138 shares of the restaurant operator’s stock worth $218,000 after acquiring an additional 7 shares in the last quarter. Arbor Capital Management Inc. ADV increased its holdings in shares of Chipotle Mexican Grill by 3.5% in the first quarter. Arbor Capital Management Inc. ADV now owns 207 shares of the restaurant operator’s stock worth $328,000 after acquiring an additional 7 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 3.8% in the first quarter. International Assets Investment Management LLC now owns 193 shares of the restaurant operator’s stock worth $305,000 after acquiring an additional 7 shares in the last quarter. Norway Savings Bank increased its holdings in shares of Chipotle Mexican Grill by 2.4% in the first quarter. Norway Savings Bank now owns 348 shares of the restaurant operator’s stock worth $551,000 after acquiring an additional 8 shares in the last quarter. Finally, Blue Fin Capital Inc. increased its holdings in shares of Chipotle Mexican Grill by 4.0% in the first quarter. Blue Fin Capital Inc. now owns 209 shares of the restaurant operator’s stock worth $330,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMG. Raymond James lowered their price target on Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a report on Tuesday, July 19th. Stifel Nicolaus increased their price objective on Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. The Goldman Sachs Group downgraded Chipotle Mexican Grill from a “conviction-buy” rating to a “buy” rating and set a $1,720.00 price objective for the company. in a report on Monday, July 18th. Morgan Stanley increased their price objective on Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $1,800.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 3rd. Seven research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,837.55.

Chipotle Mexican Grill Trading Up 0.7 %

NYSE:CMG opened at $1,705.17 on Tuesday. The stock has a market cap of $47.34 billion, a P/E ratio of 63.84, a PEG ratio of 2.23 and a beta of 1.30. The stock has a 50 day simple moving average of $1,564.17 and a 200 day simple moving average of $1,469.23. Chipotle Mexican Grill, Inc. has a 1-year low of $1,196.28 and a 1-year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, topping the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. During the same quarter in the previous year, the company posted $7.46 earnings per share. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current year.

Insider Buying and Selling

In related news, insider Scott Boatwright sold 3,106 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $1,724.50, for a total transaction of $5,356,297.00. Following the completion of the sale, the insider now directly owns 8,647 shares of the company’s stock, valued at approximately $14,911,751.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Scott Boatwright sold 3,106 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $1,724.50, for a total value of $5,356,297.00. Following the completion of the transaction, the insider now directly owns 8,647 shares of the company’s stock, valued at approximately $14,911,751.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher W. Brandt sold 1,532 shares of Chipotle Mexican Grill stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the completion of the transaction, the chief marketing officer now directly owns 8,508 shares of the company’s stock, valued at $12,795,691.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,825 shares of company stock valued at $15,603,167. Insiders own 1.01% of the company’s stock.

Chipotle Mexican Grill Company Profile

(Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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