Chipotle Mexican Grill, Inc. $CMG Stock Position Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,081,107 shares of the restaurant operator’s stock after selling 23,502 shares during the period. Retirement Systems of Alabama’s holdings in Chipotle Mexican Grill were worth $60,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ascent Group LLC grew its position in Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after purchasing an additional 193 shares in the last quarter. E. Ohman J or Asset Management AB grew its position in Chipotle Mexican Grill by 0.3% during the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after purchasing an additional 194 shares in the last quarter. Occidental Asset Management LLC grew its position in Chipotle Mexican Grill by 2.8% during the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 195 shares in the last quarter. Perennial Advisors LLC grew its position in Chipotle Mexican Grill by 3.1% during the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 200 shares in the last quarter. Finally, Quent Capital LLC grew its position in Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after purchasing an additional 208 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 1.2%

NYSE CMG opened at $39.77 on Thursday. The company has a fifty day simple moving average of $40.81 and a 200 day simple moving average of $46.89. The company has a market cap of $53.33 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.68 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on CMG shares. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Morgan Stanley reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, October 15th. Evercore ISI reduced their target price on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Mizuho assumed coverage on shares of Chipotle Mexican Grill in a research note on Tuesday. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Citigroup reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $56.13.

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.