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

Strs Ohio trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,159,821 shares of the restaurant operator’s stock after selling 72,386 shares during the period. Strs Ohio owned about 0.09% of Chipotle Mexican Grill worth $37,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $26,000. Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $28,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $35.37 on Friday. The firm has a market cap of $45.37 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $57.25. The stock’s 50 day simple moving average is $32.28 and its 200 day simple moving average is $35.08.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (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 return on equity of 49.64% and a net margin of 11.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

CMG has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $38.00 to $35.00 in a research report on Friday, June 5th. DA Davidson initiated coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price for the company. TD Cowen reiterated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Twenty-three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.10.

About Chipotle Mexican Grill

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.