Chipotle Mexican Grill, Inc. $CMG Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 286,036 shares of the restaurant operator’s stock after selling 795,071 shares during the quarter. Retirement Systems of Alabama’s holdings in Chipotle Mexican Grill were worth $11,210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. First Citizens Bank & Trust Co. raised its stake in Chipotle Mexican Grill by 435.4% during the third quarter. First Citizens Bank & Trust Co. now owns 64,144 shares of the restaurant operator’s stock valued at $2,514,000 after buying an additional 52,163 shares in the last quarter. GDS Wealth Management grew its position in shares of Chipotle Mexican Grill by 60.9% during the 3rd quarter. GDS Wealth Management now owns 279,107 shares of the restaurant operator’s stock valued at $10,938,000 after buying an additional 105,685 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Chipotle Mexican Grill by 388.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 445,584 shares of the restaurant operator’s stock worth $17,462,000 after acquiring an additional 354,327 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in Chipotle Mexican Grill by 1.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 512,600 shares of the restaurant operator’s stock worth $20,089,000 after acquiring an additional 6,000 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in Chipotle Mexican Grill by 27.0% in the third quarter. UniSuper Management Pty Ltd now owns 125,805 shares of the restaurant operator’s stock valued at $4,930,000 after acquiring an additional 26,716 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMG shares. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday. Piper Sandler raised their target price on Chipotle Mexican Grill from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.23.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $39.14 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $59.57. The stock has a market capitalization of $51.76 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 3.57 and a beta of 0.97. The firm has a 50 day simple moving average of $36.91 and a 200-day simple moving average of $39.50.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.