Arizona State Retirement System Acquires 396,224 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Arizona State Retirement System raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,030.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 404,100 shares of the restaurant operator’s stock after purchasing an additional 396,224 shares during the quarter. Arizona State Retirement System’s holdings in Chipotle Mexican Grill were worth $25,317,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Riverview Trust Co increased its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. RiverPark Advisors LLC increased its stake in shares of 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 stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $27,000. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $52.99 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The firm has a market capitalization of $72.77 billion, a PE ratio of 56.41, a PEG ratio of 2.34 and a beta of 1.24. The business’s 50-day simple moving average is $55.13 and its 200 day simple moving average is $80.59.

Chipotle Mexican Grill (NYSE:CMG) last released 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. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $12.65 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CMG shares. Raymond James lowered their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Stephens reissued an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Oppenheimer lowered their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Argus boosted their target price on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Truist Financial reissued a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

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.