State of Alaska Department of Revenue Sells 513 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

State of Alaska Department of Revenue decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,016 shares of the restaurant operator’s stock after selling 513 shares during the period. State of Alaska Department of Revenue’s holdings in Chipotle Mexican Grill were worth $5,249,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 16.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,979 shares of the restaurant operator’s stock valued at $7,877,000 after acquiring an additional 718 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Chipotle Mexican Grill by 58.9% in the 1st quarter. Fifth Third Bancorp now owns 4,900 shares of the restaurant operator’s stock valued at $7,752,000 after acquiring an additional 1,817 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Chipotle Mexican Grill by 0.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,874 shares of the restaurant operator’s stock valued at $2,965,000 after acquiring an additional 8 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Chipotle Mexican Grill by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,765 shares of the restaurant operator’s stock valued at $5,956,000 after purchasing an additional 234 shares during the last quarter. Finally, Wedmont Private Capital acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $298,000. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of several recent analyst reports. Barclays raised their target price on shares of Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Sanford C. Bernstein initiated coverage on shares of Chipotle Mexican Grill in a research note on Wednesday, September 7th. They issued an “outperform” rating and a $2,000.00 target price for the company. OTR Global upgraded shares of Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a research note on Monday, June 27th. UBS Group cut their target price on shares of Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Finally, Credit Suisse Group cut their target price on shares of Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating for the company in a research note on Tuesday, July 19th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,837.55.

Insider Activity at Chipotle Mexican Grill

In related news, CMO Christopher W. Brandt sold 1,532 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the transaction, the chief marketing officer now directly owns 8,508 shares of the company’s stock, valued at $12,795,691.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, CMO Christopher W. Brandt sold 1,532 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the sale, the chief marketing officer now owns 8,508 shares of the company’s stock, valued at $12,795,691.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Boatwright sold 3,106 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $1,724.50, for a total transaction of $5,356,297.00. Following the sale, the insider now directly owns 8,647 shares in the company, valued at approximately $14,911,751.50. The disclosure for this sale can be found here. Insiders have sold 9,825 shares of company stock valued at $15,603,167 over the last three months. 1.01% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $1,699.63 on Wednesday. The company’s 50 day simple moving average is $1,572.47 and its 200 day simple moving average is $1,471.08. The stock has a market capitalization of $47.19 billion, a price-to-earnings ratio of 63.63, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 1 year low of $1,196.28 and a 1 year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the previous year, the business earned $7.46 EPS. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 32.5 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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