Louisiana State Employees Retirement System Sells 3,800 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Louisiana State Employees Retirement System lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,300 shares of the restaurant operator’s stock after selling 3,800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Chipotle Mexican Grill were worth $4,420,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Alpha DNA Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% in the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares in the last quarter. Lecap Asset Management Ltd. lifted its position in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after buying an additional 175 shares in the last quarter. Connable Office Inc. lifted its position in Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after buying an additional 178 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after buying an additional 181 shares during the last quarter. Finally, BTC Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after acquiring an additional 184 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on CMG shares. BMO Capital Markets increased their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Citigroup increased their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays decreased their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Trading Up 2.0 %

Shares of CMG opened at $57.30 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The firm’s 50 day moving average is $59.94 and its 200-day moving average is $58.03. The stock has a market capitalization of $78.08 billion, a PE ratio of 51.61, a P/E/G ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by company insiders.

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.