Board of the Pension Protection Fund Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Board of the Pension Protection Fund bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,600 shares of the restaurant operator’s stock, valued at approximately $1,182,000. Chipotle Mexican Grill comprises approximately 1.4% of Board of the Pension Protection Fund’s investment portfolio, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. ZRC Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter worth about $31,000. Transcendent Capital Group LLC lifted its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $32,000. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James boosted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill 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, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $66.81.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.2 %

NYSE:CMG opened at $56.35 on Wednesday. The stock has a market capitalization of $76.78 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $45.50 and a 52 week high of $69.26. The firm has a 50 day moving average of $60.94 and a 200 day moving average of $57.91.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating 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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

About Chipotle Mexican Grill

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.