Board of the Pension Protection Fund Purchases Shares of 19,600 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Board of the Pension Protection Fund purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,600 shares of the restaurant operator's stock, valued at approximately $1,182,000. Chipotle Mexican Grill accounts for about 1.4% of Board of the Pension Protection Fund's holdings, making the stock its 4th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpha DNA Investment Management LLC raised its holdings 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 buying an additional 168 shares during the period. Lecap Asset Management Ltd. grew its position in Chipotle Mexican Grill by 1.2% in the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock valued at $843,000 after acquiring an additional 175 shares during the last quarter. Connable Office Inc. increased its stake in Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock worth $1,840,000 after purchasing an additional 178 shares during the period. Albion Financial Group UT lifted its position in shares of Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator's stock worth $82,000 after purchasing an additional 180 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Chipotle Mexican Grill by 8.7% during the third quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator's stock valued at $133,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $0.92 during trading on Wednesday, reaching $57.36. The company had a trading volume of 10,490,168 shares, compared to its average volume of 8,357,390. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 53.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $45.50 and a twelve month high of $69.26. The firm has a 50-day simple moving average of $60.94 and a 200-day simple moving average of $57.91.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Ratings Changes

CMG has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Stephens reaffirmed an "equal weight" rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Wedbush reiterated an "outperform" rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Loop Capital raised their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.81.

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.