Chipotle Mexican Grill, Inc. $CMG Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 59.5% during the fourth quarter, according to its most recent filing with the SEC. 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the third quarter worth $25,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp grew its stake in shares of Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $31,000. Finally, Ameriflex Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 109.4% in the third 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the subject of several analyst reports. Piper Sandler lowered their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, May 5th. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, Citigroup upped their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Trading Up 1.1%

NYSE:CMG opened at $32.66 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The company has a market capitalization of $41.90 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. The firm has a 50-day moving average price of $33.30 and a two-hundred day moving average price of $35.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the company earned $0.29 EPS. Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

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.