National Pension Service Purchases 108,330 Shares of Chipotle Mexican Grill, Inc. $CMG

National Pension Service raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,287,832 shares of the restaurant operator’s stock after acquiring an additional 108,330 shares during the quarter. National Pension Service owned approximately 0.25% of Chipotle Mexican Grill worth $184,612,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill during the second quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $29,000. Finally, Activest Wealth Management lifted its stake in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 5.0%

Shares of CMG opened at $31.30 on Thursday. The business has a fifty day moving average of $38.56 and a 200 day moving average of $45.67. The company has a market cap of $41.39 billion, a PE ratio of 27.70, a P/E/G ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CMG. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group decreased their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $40.00 target price (down from $60.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. BTIG Research reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Citigroup decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.81.

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.