Virginia Retirement Systems ET AL Lowers Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Virginia Retirement Systems ET AL reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,300 shares of the restaurant operator’s stock after selling 1,600 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Chipotle Mexican Grill were worth $20,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Baldrige Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $31,000. Heritage Wealth Advisors purchased a new stake in Chipotle Mexican Grill during the second quarter valued at about $31,000. Financial Insights Inc. acquired a new position in Chipotle Mexican Grill during the second quarter valued at approximately $39,000. Wolverine Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth $41,000. Finally, Knuff & Co LLC bought a new position in Chipotle Mexican Grill in the second quarter worth $65,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of CMG traded up $21.02 during midday trading on Thursday, reaching $1,831.57. The stock had a trading volume of 2,980 shares, compared to its average volume of 273,736. Chipotle Mexican Grill, Inc. has a 1-year low of $1,172.29 and a 1-year high of $1,958.55. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 88.06, a PEG ratio of 3.73 and a beta of 1.36. The company’s fifty day simple moving average is $1,879.21 and its two-hundred day simple moving average is $1,630.83.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Monday, July 19th. The restaurant operator reported $7.46 EPS for the quarter, topping analysts’ consensus estimates of $6.52 by $0.94. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Chipotle Mexican Grill had a net margin of 8.57% and a return on equity of 28.27%. The business’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. Research analysts expect that Chipotle Mexican Grill, Inc. will post 25.48 earnings per share for the current year.

In other news, CFO Jack Hartung sold 12,023 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $1,920.83, for a total transaction of $23,094,139.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Roger E. Theodoredis sold 1,136 shares of the stock in a transaction on Thursday, July 22nd. The shares were sold at an average price of $1,763.48, for a total value of $2,003,313.28. The disclosure for this sale can be found here. Insiders sold a total of 31,003 shares of company stock valued at $57,382,197 over the last three months. 1.00% of the stock is currently owned by insiders.

A number of analysts recently commented on the company. Cowen lifted their price objective on Chipotle Mexican Grill from $2,080.00 to $2,250.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 8th. Credit Suisse Group lifted their price objective on Chipotle Mexican Grill from $1,950.00 to $2,075.00 and gave the company an “outperform” rating in a report on Wednesday, July 21st. KeyCorp boosted their target price on Chipotle Mexican Grill from $1,800.00 to $1,850.00 and gave the company an “overweight” rating in a research note on Wednesday, July 21st. Stephens upped their price objective on Chipotle Mexican Grill from $1,850.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 5th. Finally, Truist boosted their target price on Chipotle Mexican Grill from $1,750.00 to $1,800.00 and gave the stock a “buy” rating in a report on Wednesday, July 21st. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,882.57.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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

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