Texas Permanent School Fund Corp Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Texas Permanent School Fund Corp grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,907.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 227,200 shares of the restaurant operator’s stock after buying an additional 221,531 shares during the period. Texas Permanent School Fund Corp’s holdings in Chipotle Mexican Grill were worth $14,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Chipotle Mexican Grill by 4,260.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after buying an additional 3,060,498 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Chipotle Mexican Grill by 3,988.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock valued at $187,730,000 after buying an additional 2,923,203 shares in the last quarter. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after buying an additional 25,238 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Chipotle Mexican Grill by 4,947.9% in the second quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after buying an additional 2,581,625 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMG shares. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. TD Cowen dropped their target price on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. StockNews.com lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, Citigroup lowered their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Trading Up 1.1 %

Shares of CMG stock opened at $54.29 on Tuesday. The company’s fifty day simple moving average is $54.80 and its 200-day simple moving average is $81.02. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26. The company has a market cap of $74.35 billion, a PE ratio of 57.93, a P/E/G ratio of 2.24 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $12.65 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal 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.