National Pension Service Sells 609,578 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

National Pension Service trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,989,159 shares of the restaurant operator’s stock after selling 609,578 shares during the quarter. National Pension Service owned 0.22% of Chipotle Mexican Grill worth $180,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fjell Capital LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,149,000. Sitrin Capital Management LLC increased its holdings in Chipotle Mexican Grill by 1.1% during the fourth quarter. Sitrin Capital Management LLC now owns 74,812 shares of the restaurant operator’s stock valued at $4,511,000 after buying an additional 823 shares during the last quarter. NCP Inc. raised its position in Chipotle Mexican Grill by 15.0% in the fourth quarter. NCP Inc. now owns 2,300 shares of the restaurant operator’s stock worth $139,000 after acquiring an additional 300 shares during the period. Birinyi Associates Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Birinyi Associates Inc. now owns 108,020 shares of the restaurant operator’s stock worth $6,514,000 after acquiring an additional 1,480 shares during the last quarter. Finally, FFT Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 25.8% during the 4th quarter. FFT Wealth Management LLC now owns 12,674 shares of the restaurant operator’s stock valued at $764,000 after acquiring an additional 2,600 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CMG. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Raymond James decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Loop Capital upped their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.8 %

Chipotle Mexican Grill stock opened at $53.43 on Thursday. The firm has a market cap of $72.41 billion, a P/E ratio of 48.12, a P/E/G ratio of 2.04 and a beta of 1.27. The business has a fifty day moving average of $57.71 and a two-hundred day moving average of $58.09. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.