Public Employees Retirement System of Ohio Takes $12.96 Million Position in Chipotle Mexican Grill, Inc. $CMG

Public Employees Retirement System of Ohio acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 381,287 shares of the restaurant operator’s stock, valued at approximately $12,964,000.

Several other large investors have also modified their holdings of CMG. Revolve Wealth Partners LLC raised its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $224,000. Empowered Funds LLC increased its holdings in shares of Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Sanford C. Bernstein restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Mizuho lifted their price objective on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Guggenheim reiterated a “neutral” rating and set a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Citigroup dropped their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.84.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.1%

Shares of NYSE CMG opened at $38.08 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81. The company has a market cap of $48.19 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.42 and a beta of 0.94. The stock has a fifty day moving average price of $34.33 and a 200 day moving average price of $33.90.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 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.