Illinois Municipal Retirement Fund Buys Shares of 832 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Illinois Municipal Retirement Fund bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 832 shares of the restaurant operator’s stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Chipotle Mexican Grill by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,707 shares of the restaurant operator’s stock valued at $1,428,000 after buying an additional 13 shares in the last quarter. OLD National Bancorp IN raised its holdings in Chipotle Mexican Grill by 3.6% during the third quarter. OLD National Bancorp IN now owns 518 shares of the restaurant operator’s stock valued at $435,000 after buying an additional 18 shares in the last quarter. Advisor Partners LLC raised its holdings in Chipotle Mexican Grill by 5.0% during the fourth quarter. Advisor Partners LLC now owns 402 shares of the restaurant operator’s stock valued at $348,000 after buying an additional 19 shares in the last quarter. Tradition Asset Management LLC raised its holdings in Chipotle Mexican Grill by 6.3% during the third quarter. Tradition Asset Management LLC now owns 335 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 20 shares in the last quarter. Finally, CNB Bank raised its holdings in Chipotle Mexican Grill by 8.7% during the fourth quarter. CNB Bank now owns 274 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 22 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

CMG stock opened at $921.94 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $592.73 and a twelve month high of $923.49. The company has a market cap of $25.35 billion, a PE ratio of 64.89, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74. The business’s 50-day simple moving average is $865.70 and its 200 day simple moving average is $821.92. The company has a quick ratio of 1.57, a current ratio of 1.61 and a debt-to-equity ratio of 1.59.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.12. Chipotle Mexican Grill had a return on equity of 25.14% and a net margin of 6.27%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business earned $1.72 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 18.39 EPS for the current year.

CMG has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on Chipotle Mexican Grill from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $1,000.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Jaffray Companies reiterated a “buy” rating and issued a $904.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price objective on Chipotle Mexican Grill from $705.00 to $845.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer upgraded Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $862.61.

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 5,078 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $874.90, for a total transaction of $4,442,742.20. Following the sale, the chief executive officer now directly owns 33,659 shares of the company’s stock, valued at $29,448,259.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pershing Square Capital Manage sold 73,178 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $859.62, for a total value of $62,905,272.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,005 shares of company stock worth $67,957,034. 2.21% of the stock is owned by company insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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

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