Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,173,041 shares of the restaurant operator’s stock after selling 67,094 shares during the quarter. California State Teachers Retirement System’s holdings in Chipotle Mexican Grill were worth $131,034,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC grew its holdings in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after acquiring an additional 176 shares in the last quarter. Traynor Capital Management Inc. lifted its holdings in 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. BTC Capital Management Inc. increased 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 during the last quarter. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its holdings in shares of Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $50.88 on Tuesday. The company’s 50 day moving average price is $50.05 and its two-hundred day moving average price is $56.21. The firm has a market capitalization of $68.96 billion, a P/E ratio of 45.83, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $13.37 earnings per share. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CMG shares. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Argus downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday. Raymond James cut their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Barclays lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Finally, Loop Capital reduced their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

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.