Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.1% during the 3rd quarter, Holdings Channel reports. The firm owned 59,150 shares of the restaurant operator’s stock after acquiring an additional 8,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Chipotle Mexican Grill were worth $3,408,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Riverview Trust Co boosted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC grew its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. Archer Investment Corp bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 in the last 90 days. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMG. Citigroup cut their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. TD Cowen raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.27.

Chipotle Mexican Grill Trading Up 0.6 %

Shares of CMG opened at $60.91 on Wednesday. The stock has a 50-day moving average price of $59.00 and a 200-day moving average price of $81.07. Chipotle Mexican Grill, Inc. has a 12-month low of $44.08 and a 12-month high of $69.26. The company has a market cap of $83.00 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.