State of New Jersey Common Pension Fund D Has $30.59 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

State of New Jersey Common Pension Fund D trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 507,366 shares of the restaurant operator’s stock after selling 3,784 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Chipotle Mexican Grill were worth $30,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CMG. Sanctuary Advisors LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $186,000. Creative Planning increased its holdings in shares of Chipotle Mexican Grill by 82.9% in the third quarter. Creative Planning now owns 444,354 shares of the restaurant operator’s stock valued at $25,604,000 after purchasing an additional 201,397 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Chipotle Mexican Grill by 124.6% in the third quarter. V Square Quantitative Management LLC now owns 7,137 shares of the restaurant operator’s stock valued at $411,000 after purchasing an additional 3,960 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Chipotle Mexican Grill by 16.2% in the third quarter. Stratos Wealth Partners LTD. now owns 169,132 shares of the restaurant operator’s stock valued at $9,745,000 after purchasing an additional 23,570 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at $623,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s 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 owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.8 %

CMG stock opened at $57.06 on Monday. The stock has a market capitalization of $77.74 billion, a P/E ratio of 51.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The firm has a 50-day moving average price of $59.50 and a 200-day moving average price of $58.11.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CMG. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.31.

About Chipotle Mexican Grill

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.