Strs Ohio Sells 72,386 Shares of Chipotle Mexican Grill, Inc. $CMG

Strs Ohio decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,159,821 shares of the restaurant operator’s stock after selling 72,386 shares during the quarter. Strs Ohio’s holdings in Chipotle Mexican Grill were worth $37,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMG. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth $25,000. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill in the third quarter valued at about $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter worth about $28,000. 91.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMG shares. BNP Paribas Exane upped their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. Twenty-three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.10.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $35.37 on Friday. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 2.29 and a beta of 0.97. The company’s 50 day simple moving average is $32.28 and its 200 day simple moving average is $35.08. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $57.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.