Employees Retirement System of Texas decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 59.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,230 shares of the restaurant operator’s stock after selling 20,882 shares during the period. Employees Retirement System of Texas’ holdings in Chipotle Mexican Grill were worth $527,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in CMG. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill during the third quarter valued at about $25,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp increased its stake in Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after buying an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter valued at about $31,000. Finally, Ameriflex Group Inc. raised its position in shares of Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 465 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Stock Performance
Shares of NYSE CMG opened at $32.66 on Thursday. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 2.08 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The business’s 50-day simple moving average is $33.30 and its 200-day simple moving average is $35.27.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on CMG shares. Stephens boosted their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Telsey Advisory Group dropped their target price on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, DA Davidson initiated coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. Twenty-four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $46.03.
Get Our Latest Stock Analysis on CMG
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.
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