Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,094,754 shares of the restaurant operator’s stock after selling 101,329 shares during the period. Retirement Systems of Alabama owned about 0.08% of Chipotle Mexican Grill worth $66,014,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. E. Ohman J or Asset Management AB increased its stake in Chipotle Mexican Grill by 11.2% during the fourth quarter. E. Ohman J or Asset Management AB now owns 61,040 shares of the restaurant operator’s stock valued at $3,681,000 after purchasing an additional 6,140 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Chipotle Mexican Grill by 12.0% in the 4th quarter. Mather Group LLC. now owns 13,881 shares of the restaurant operator’s stock valued at $837,000 after buying an additional 1,483 shares during the period. Rockline Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.0% in the 4th quarter. Rockline Wealth Management LLC now owns 52,683 shares of the restaurant operator’s stock valued at $3,177,000 after buying an additional 2,013 shares during the period. Calamos Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 1.3% during the 4th quarter. Calamos Wealth Management LLC now owns 19,470 shares of the restaurant operator’s stock valued at $1,174,000 after buying an additional 258 shares during the last quarter. Finally, Trust Point Inc. raised its stake in Chipotle Mexican Grill by 22.1% during the fourth quarter. Trust Point Inc. now owns 7,087 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 1,283 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent research reports. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Barclays upped their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Loop Capital boosted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Stock Up 1.3 %

Shares of NYSE:CMG opened at $59.10 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a market cap of $80.53 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 2.07 and a beta of 1.27. The business has a 50 day moving average price of $60.43 and a 200 day moving average price of $57.80.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current 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.