Railway Pension Investments Ltd Purchases New Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Railway Pension Investments Ltd purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 400 shares of the restaurant operator’s stock, valued at approximately $1,163,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steph & Co. acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $29,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $37,000. ICA Group Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $37,000. Semmax Financial Advisors Inc. increased its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.7 %

Shares of CMG stock traded down $0.89 during mid-day trading on Friday, reaching $52.57. The stock had a trading volume of 15,098,096 shares, compared to its average volume of 20,729,226. The firm’s 50 day simple moving average is $124.32 and its 200 day simple moving average is $79.78. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The firm has a market cap of $71.99 billion, a PE ratio of 56.09, a P/E/G ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $12.65 EPS. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Robert W. Baird lifted their price target on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Citigroup dropped their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. The Goldman Sachs Group dropped their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, TD Cowen decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.88.

Chipotle Mexican Grill Company 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.