Public Employees Retirement Association of Colorado Decreases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Public Employees Retirement Association of Colorado reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,620 shares of the restaurant operator’s stock after selling 100 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Chipotle Mexican Grill were worth $2,338,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CMG. Nationwide Fund Advisors boosted its position in Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock worth $3,598,000 after buying an additional 112 shares in the last quarter. Scout Investments Inc. bought a new position in Chipotle Mexican Grill during the first quarter worth $12,331,000. TIAA CREF Investment Management LLC boosted its position in Chipotle Mexican Grill by 3.1% in the first quarter. TIAA CREF Investment Management LLC now owns 322,802 shares of the restaurant operator’s stock worth $143,815,000 after buying an additional 9,751 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock worth $137,530,000 after buying an additional 97,750 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Chipotle Mexican Grill by 0.5% in the first quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock worth $1,678,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) traded down 2.10% during midday trading on Friday, hitting $311.24. The stock had a trading volume of 1,216,339 shares. Chipotle Mexican Grill, Inc. has a one year low of $311.01 and a one year high of $499.00. The firm has a market capitalization of $8.87 billion, a PE ratio of 66.90 and a beta of 0.62. The firm’s 50-day moving average price is $360.68 and its 200-day moving average price is $423.62.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current year.

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A number of brokerages have issued reports on CMG. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price on the stock in a research report on Monday, May 15th. ValuEngine raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens upped their target price on 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 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 issued a $510.00 target price 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 assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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.

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

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