Public Employees Retirement Association of Colorado Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Public Employees Retirement Association of Colorado boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,776.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,850 shares of the restaurant operator’s stock after buying an additional 188,895 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Chipotle Mexican Grill were worth $12,082,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at approximately $25,000. Riverview Trust Co lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC boosted its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth $27,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on CMG shares. Loop Capital lowered their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Evercore ISI reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Argus lifted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Oppenheimer cut their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Stephens reaffirmed an “equal weight” rating and set a $61.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $57.23 on Friday. The company has a market capitalization of $78.60 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.33 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The business has a 50-day moving average of $54.26 and a 200-day moving average of $81.03.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $12.65 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.