California State Teachers Retirement System Sells 67,094 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

California State Teachers Retirement System decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,173,041 shares of the restaurant operator’s stock after selling 67,094 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Chipotle Mexican Grill worth $131,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after buying an additional 176 shares during the period. Traynor Capital Management Inc. increased its stake 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 valued at $454,000 after purchasing an additional 181 shares in the last quarter. BTC Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 184 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of 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 acquiring an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock valued at $310,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.7 %

NYSE CMG opened at $50.88 on Tuesday. The business’s 50-day moving average price is $50.05 and its 200 day moving average price is $56.21. The firm has a market cap 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 52-week low of $44.46 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm posted $13.37 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the subject of a number of research reports. Loop Capital reduced their target price on shares of 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. Oppenheimer upped their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research report on Friday. Finally, UBS Group dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.74.

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.