State of New Jersey Common Pension Fund D Continues to Hold Position in Chipotle Mexican Grill, Inc. (CMG)

State of New Jersey Common Pension Fund D maintained its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent filing with the SEC. The fund owned 19,000 shares of the restaurant operator’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Chipotle Mexican Grill were worth $7,906,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. TB Alternative Assets Ltd. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $4,901,000. Corundum Group Inc. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $223,000. Beese Fulmer Investment Management Inc. raised its stake in Chipotle Mexican Grill by 1.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,088 shares of the restaurant operator’s stock valued at $1,376,000 after buying an additional 33 shares during the last quarter. Cim LLC raised its stake in Chipotle Mexican Grill by 12.5% in the first quarter. Cim LLC now owns 11,356 shares of the restaurant operator’s stock valued at $5,059,000 after buying an additional 1,261 shares during the last quarter. Finally, Heritage Investors Management Corp raised its stake in Chipotle Mexican Grill by 4.6% in the first quarter. Heritage Investors Management Corp now owns 12,115 shares of the restaurant operator’s stock valued at $5,397,000 after buying an additional 529 shares during the last quarter. 97.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 326.41 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $320.01 and a one year high of $499.00. The stock has a market capitalization of $9.31 billion, a PE ratio of 70.17 and a beta of 0.62. The stock has a 50 day moving average of $374.53 and a 200-day moving average of $427.17.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.87 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current fiscal year.

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Several analysts have recently commented on the stock. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target on the stock in a research report on Monday, May 15th. ValuEngine raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens lifted their price target on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an “underweight” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada raised shares of Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research report on Thursday, April 27th. Finally, Nomura reaffirmed a “hold” rating and set a $510.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 28th. Seven analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average price target of $405.15.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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