Chipotle Mexican Grill, Inc. $CMG Holdings Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,081,107 shares of the restaurant operator’s stock after selling 23,502 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Chipotle Mexican Grill worth $60,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMG. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $224,000. Sovran Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $316,000. Ameritas Advisory Services LLC raised its position in shares of Chipotle Mexican Grill by 2.0% during the 1st quarter. Ameritas Advisory Services LLC now owns 28,964 shares of the restaurant operator’s stock worth $1,454,000 after buying an additional 556 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Chipotle Mexican Grill by 10.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,188 shares of the restaurant operator’s stock worth $210,000 after buying an additional 400 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent analyst reports. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, September 3rd. Barclays dropped their target price on shares of Chipotle Mexican Grill from $53.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. TD Cowen reiterated a “buy” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Finally, Sanford C. Bernstein dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $56.13.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $39.77 on Thursday. The firm’s 50 day simple moving average is $40.81 and its 200-day simple moving average is $46.89. The company has a market cap of $53.33 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 2.68 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share 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 business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.