Mutual of America Capital Management LLC Sells 5,610 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mutual of America Capital Management LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 157,717 shares of the restaurant operator’s stock after selling 5,610 shares during the period. Mutual of America Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $7,919,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System grew its position in shares of Chipotle Mexican Grill by 0.4% in the 1st quarter. Arizona State Retirement System now owns 396,062 shares of the restaurant operator’s stock valued at $19,886,000 after buying an additional 1,513 shares during the last quarter. Blue Square Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 645.8% during the 1st quarter. Blue Square Asset Management LLC now owns 39,154 shares of the restaurant operator’s stock valued at $1,966,000 after purchasing an additional 33,904 shares in the last quarter. Diversify Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 0.7% during the 1st quarter. Diversify Wealth Management LLC now owns 53,536 shares of the restaurant operator’s stock valued at $2,712,000 after purchasing an additional 376 shares in the last quarter. Xponance Inc. boosted its position in shares of Chipotle Mexican Grill by 1.4% during the 1st quarter. Xponance Inc. now owns 320,929 shares of the restaurant operator’s stock valued at $16,114,000 after purchasing an additional 4,483 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Chipotle Mexican Grill by 8.9% during the 1st quarter. Cerity Partners LLC now owns 650,774 shares of the restaurant operator’s stock valued at $32,675,000 after purchasing an additional 53,120 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by insiders.

Chipotle Mexican Grill Trading Up 0.0%

Shares of NYSE CMG opened at $42.65 on Thursday. The stock has a fifty day simple moving average of $51.53 and a two-hundred day simple moving average of $51.85. Chipotle Mexican Grill, Inc. has a 1-year low of $42.25 and a 1-year high of $66.74. The firm has a market cap of $57.19 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company earned $0.34 earnings per share. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMG shares. Raymond James Financial restated an “outperform” rating and set a $60.00 target price (down previously from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. TD Securities restated a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. UBS Group upped their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. TD Cowen cut their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Loop Capital cut their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.71.

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.