Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,211 shares of the restaurant operator’s stock after selling 4,834 shares during the period. Maryland State Retirement & Pension System’s holdings in Chipotle Mexican Grill were worth $4,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth $692,701,000. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $315,220,000. Caisse DE Depot ET Placement DU Quebec grew its stake in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after acquiring an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC raised its holdings in Chipotle Mexican Grill by 224.2% in the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after acquiring an additional 1,173,207 shares during the last quarter. Finally, Premier Fund Managers Ltd purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $57,335,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 2.4 %

Shares of CMG stock opened at $48.94 on Thursday. The firm has a 50 day moving average of $54.87 and a two-hundred day moving average of $57.77. The stock has a market capitalization of $66.33 billion, a PE ratio of 44.08, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Truist Financial lifted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Finally, Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.74.

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.