State of New Jersey Common Pension Fund D Has $32.02 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

State of New Jersey Common Pension Fund D increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,146.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 511,150 shares of the restaurant operator’s stock after buying an additional 495,407 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Chipotle Mexican Grill were worth $32,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Bank of New York Mellon Corp grew its position in Chipotle Mexican Grill by 4,816.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after acquiring an additional 8,186,198 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Chipotle Mexican Grill by 4,260.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after purchasing an additional 3,060,498 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Chipotle Mexican Grill by 3,988.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock worth $187,730,000 after purchasing an additional 2,923,203 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Chipotle Mexican Grill by 4,947.9% in the second quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after buying an additional 2,581,625 shares during the period. Finally, National Bank of Canada FI raised its holdings in Chipotle Mexican Grill by 24,348.1% in the 2nd quarter. National Bank of Canada FI now owns 1,974,431 shares of the restaurant operator’s stock valued at $121,993,000 after buying an additional 1,966,355 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. Piper Sandler dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Guggenheim upped their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.0 %

Shares of NYSE:CMG opened at $56.35 on Friday. The stock’s 50 day moving average is $54.44 and its 200-day moving average is $80.68. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The firm has a market capitalization of $77.39 billion, a price-to-earnings ratio of 59.95, a PEG ratio of 2.24 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $12.65 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

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.