Louisiana State Employees Retirement System Has $4.44 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Louisiana State Employees Retirement System cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,100 shares of the restaurant operator’s stock after selling 2,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Chipotle Mexican Grill were worth $4,443,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Shellback Capital LP increased its position in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after buying an additional 122,500 shares during the period. Swedbank AB acquired a new stake in Chipotle Mexican Grill in the first quarter worth $53,979,000. Transform Wealth LLC grew its holdings in Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 9,331 shares during the period. First Hawaiian Bank grew its holdings in Chipotle Mexican Grill by 4,731.0% in the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after purchasing an additional 16,795 shares during the period. Finally, Legacy Private Trust Co. acquired a new stake in Chipotle Mexican Grill in the third quarter worth $2,267,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on CMG shares. The Goldman Sachs Group reduced their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Piper Sandler raised their price target on shares of Chipotle Mexican Grill from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Raymond James reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, TD Cowen reiterated a “buy” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.03.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock valued at $2,817,127 over the last quarter. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $59.44 on Friday. The firm’s 50-day simple moving average is $56.77 and its two-hundred day simple moving average is $81.33. Chipotle Mexican Grill, Inc. has a 52 week low of $35.97 and a 52 week high of $69.26. The firm has a market cap of $81.63 billion, a price-to-earnings ratio of 63.23, a P/E/G ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $12.65 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.