National Pension Service Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

National Pension Service trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,012 shares of the restaurant operator’s stock after selling 1,173 shares during the period. National Pension Service’s holdings in Chipotle Mexican Grill were worth $78,612,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $26,000. Addison Advisors LLC lifted its stake in Chipotle Mexican Grill by 350.0% in the first quarter. Addison Advisors LLC now owns 18 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 14 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Chipotle Mexican Grill by 90.0% during the first quarter. Benjamin Edwards Inc. now owns 19 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 9 shares during the period. Elequin Securities LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $28,000. Finally, Heritage Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 20 shares of the restaurant operator’s stock worth $28,000 after buying an additional 10 shares during the period. Institutional investors own 91.19% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,063 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $1,949.84, for a total transaction of $2,072,679.92. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,522,914.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,063 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $1,949.84, for a total transaction of $2,072,679.92. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,522,914.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,086 shares of Chipotle Mexican Grill stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $49,915,886. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. Stephens restated an “overweight” rating and set a $2,400.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 27th. Guggenheim lifted their target price on shares of Chipotle Mexican Grill from $1,550.00 to $1,950.00 and gave the stock a “neutral” rating in a research note on Friday, July 14th. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $2,400.00 to $2,200.00 in a research report on Thursday, July 27th. Bank of America boosted their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,570.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Barclays increased their target price on shares of Chipotle Mexican Grill from $1,885.00 to $1,950.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,139.72.

Chipotle Mexican Grill Stock Up 1.9 %

Chipotle Mexican Grill stock opened at $1,939.64 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $1,344.05 and a twelve month high of $2,175.01. The company has a market capitalization of $53.51 billion, a P/E ratio of 48.44, a PEG ratio of 1.64 and a beta of 1.31. The stock’s 50 day moving average is $1,988.77 and its 200 day moving average is $1,879.49.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 EPS for the quarter, topping the consensus estimate of $12.25 by $0.40. Chipotle Mexican Grill had a return on equity of 45.85% and a net margin of 12.00%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the company posted $9.30 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 43.06 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.