National Pension Service Increases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

National Pension Service grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,312,845 shares of the restaurant operator’s stock after purchasing an additional 198,749 shares during the period. National Pension Service’s holdings in Chipotle Mexican Grill were worth $78,637,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the last quarter. Groupama Asset Managment increased its stake in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after acquiring an additional 291 shares during the period. Catalyst Financial Partners LLC raised its holdings in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 298 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 311 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in Chipotle Mexican Grill by 14.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.3%

NYSE:CMG opened at $36.23 on Friday. The firm’s fifty day simple moving average is $35.11 and its 200 day simple moving average is $33.91. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81. The firm has a market capitalization of $45.85 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.21 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Bank of America reaffirmed a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, September 1st. Argus lifted their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Evercore restated an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.84.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children’s meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.