Chipotle Mexican Grill, Inc. (CMG) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,092 shares of the restaurant operator’s stock after purchasing an additional 864 shares during the quarter. California State Teachers Retirement System owned 0.15% of Chipotle Mexican Grill worth $17,743,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Hawaiian Bank boosted its stake in shares of Chipotle Mexican Grill by 4.5% in the fourth quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock worth $201,000 after buying an additional 20 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 4.9% in the fourth quarter. Bessemer Group Inc. now owns 447 shares of the restaurant operator’s stock worth $193,000 after buying an additional 21 shares during the last quarter. Huntington National Bank boosted its stake in shares of Chipotle Mexican Grill by 19.9% in the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after buying an additional 28 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of Chipotle Mexican Grill by 1.7% in the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after buying an additional 40 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Chipotle Mexican Grill by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 4,907 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $625.21, for a total transaction of $3,067,905.47. Following the completion of the transaction, the chief financial officer now owns 45,237 shares of the company’s stock, valued at $28,282,624.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pershing Square Capital Manage sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $594.65, for a total value of $11,893,000.00. The disclosure for this sale can be found here. Insiders have sold 44,037 shares of company stock valued at $26,516,662 in the last three months. Insiders own 2.19% of the company’s stock.

Shares of Chipotle Mexican Grill stock opened at $639.00 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $307.70 and a 12 month high of $646.54. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 70.53, a PEG ratio of 2.92 and a beta of 0.65.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 12.24 EPS for the current fiscal year.

A number of analysts have recently commented on CMG shares. Robert W. Baird restated a “buy” rating and issued a $525.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, January 3rd. BTIG Research upped their target price on Chipotle Mexican Grill from $620.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush restated an “underperform” rating and issued a $500.00 target price (up previously from $440.00) on shares of Chipotle Mexican Grill in a research note on Thursday, February 7th. KeyCorp upped their target price on Chipotle Mexican Grill from $525.00 to $625.00 and gave the stock an “overweight” rating in a research note on Thursday, February 7th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, February 11th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $515.14.

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Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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