Retirement Systems of Alabama Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Retirement Systems of Alabama increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,196,083 shares of the restaurant operator’s stock after purchasing an additional 274,533 shares during the quarter. Retirement Systems of Alabama owned approximately 0.09% of Chipotle Mexican Grill worth $68,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Shellback Capital LP lifted its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares during the period. Hantz Financial Services Inc. increased its stake in Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the last quarter. L & S Advisors Inc purchased a new position in Chipotle Mexican Grill during the third quarter worth about $3,256,000. Optas LLC boosted its stake in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after buying an additional 13,060 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $758,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Loop Capital lifted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Barclays increased their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.71.

Chipotle Mexican Grill Price Performance

Shares of CMG traded down $0.18 during midday trading on Friday, reaching $65.98. The stock had a trading volume of 168,019 shares, compared to its average volume of 13,396,566. The firm’s 50 day moving average price is $60.05 and its 200-day moving average price is $80.92. Chipotle Mexican Grill, Inc. has a 52 week low of $44.08 and a 52 week high of $69.26. The company has a market capitalization of $89.90 billion, a P/E ratio of 61.60, a P/E/G ratio of 2.64 and a beta of 1.27.

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

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.