Illinois Municipal Retirement Fund Has $7.59 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Illinois Municipal Retirement Fund cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,784 shares of the restaurant operator’s stock after selling 1,125 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Chipotle Mexican Grill were worth $7,585,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMG. Arkadios Wealth Advisors raised its position in shares of Chipotle Mexican Grill by 35.3% in the third quarter. Arkadios Wealth Advisors now owns 10,451 shares of the restaurant operator’s stock valued at $602,000 after purchasing an additional 2,725 shares during the period. Old Port Advisors grew its position in shares of Chipotle Mexican Grill by 6.5% in the third quarter. Old Port Advisors now owns 6,049 shares of the restaurant operator’s stock valued at $349,000 after purchasing an additional 371 shares during the last quarter. Pallas Capital Advisors LLC grew its position in shares of Chipotle Mexican Grill by 45.2% in the third quarter. Pallas Capital Advisors LLC now owns 9,042 shares of the restaurant operator’s stock valued at $537,000 after purchasing an additional 2,816 shares during the last quarter. abrdn plc increased its stake in shares of Chipotle Mexican Grill by 6.2% in the third quarter. abrdn plc now owns 547,501 shares of the restaurant operator’s stock worth $31,572,000 after purchasing an additional 31,751 shares during the period. Finally, Integrated Advisors Network LLC lifted its position in shares of Chipotle Mexican Grill by 147.6% during the 3rd quarter. Integrated Advisors Network LLC now owns 43,628 shares of the restaurant operator’s stock worth $2,514,000 after purchasing an additional 26,011 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMG shares. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. TD Cowen upped their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $53.43 on Thursday. The business has a fifty day moving average of $57.71 and a 200-day moving average of $58.09. The firm has a market cap of $72.41 billion, a PE ratio of 48.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

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

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Company 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.