Chipotle Mexican Grill, Inc. $CMG Shares Acquired by National Pension Service

National Pension Service increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,362,167 shares of the restaurant operator’s stock after buying an additional 74,335 shares during the period. National Pension Service owned about 0.25% of Chipotle Mexican Grill worth $131,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at $26,000. Lavaca Capital LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $28,000. Activest Wealth Management raised its stake in shares of Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $29,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $38.85 on Friday. The company has a market cap of $51.37 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.52 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.19. The company has a 50-day moving average of $37.23 and a 200-day moving average of $39.28.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. Chipotle Mexican Grill’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Stephens cut their price objective on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. TD Cowen reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 5th. Northcoast Research downgraded Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research report on Friday, October 31st. Finally, Raymond James Financial boosted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.23.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.