Oregon Public Employees Retirement Fund Sells 450 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oregon Public Employees Retirement Fund cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,760 shares of the restaurant operator’s stock after selling 450 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Chipotle Mexican Grill were worth $7,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth $371,000. U.S. Capital Wealth Advisors LLC boosted its stake in Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after acquiring an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in Chipotle Mexican Grill during the fourth quarter worth $715,000. Hantz Financial Services Inc. boosted its stake in Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after acquiring an additional 48,126 shares in the last quarter. Finally, L & S Advisors Inc bought a new position in Chipotle Mexican Grill during the third quarter worth $3,256,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 1.8 %

CMG opened at $53.43 on Thursday. The company has a market capitalization of $72.41 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average price of $57.71 and a 200-day moving average price of $58.09. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several research analyst reports. Robert W. Baird raised their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Barclays lowered their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Company 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.