Retirement Systems of Alabama Sells 101,329 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Retirement Systems of Alabama cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,094,754 shares of the restaurant operator’s stock after selling 101,329 shares during the period. Retirement Systems of Alabama’s holdings in Chipotle Mexican Grill were worth $66,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth about $32,000. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $33,000. Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $59.10 on Wednesday. The firm’s 50 day moving average price is $60.43 and its two-hundred day moving average price is $57.80. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The firm has a market cap of $80.53 billion, a P/E ratio of 55.01, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMG. TD Cowen increased their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI upped their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Barclays upped their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.