Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,165,423 shares of the restaurant operator's stock after selling 45,846 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Chipotle Mexican Grill worth $70,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMG. Sanctuary Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $186,000. Ritholtz Wealth Management lifted its position in shares of Chipotle Mexican Grill by 15.1% in the third quarter. Ritholtz Wealth Management now owns 6,958 shares of the restaurant operator's stock valued at $401,000 after acquiring an additional 914 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Chipotle Mexican Grill by 415.5% in the third quarter. Exchange Traded Concepts LLC now owns 19,331 shares of the restaurant operator's stock valued at $1,114,000 after acquiring an additional 15,581 shares in the last quarter. CX Institutional increased its stake in Chipotle Mexican Grill by 3.9% in the third quarter. CX Institutional now owns 6,921 shares of the restaurant operator's stock valued at $399,000 after purchasing an additional 257 shares during the last quarter. Finally, Creative Planning increased its stake in Chipotle Mexican Grill by 82.9% in the third quarter. Creative Planning now owns 444,354 shares of the restaurant operator's stock valued at $25,604,000 after purchasing an additional 201,397 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Oppenheimer upped their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $66.31.

Chipotle Mexican Grill Trading Down 4.6 %

CMG traded down $2.60 during trading hours on Tuesday, hitting $54.48. The company's stock had a trading volume of 15,295,168 shares, compared to its average volume of 10,608,308. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm has a market capitalization of $74.23 billion, a PE ratio of 49.07, a PEG ratio of 2.14 and a beta of 1.27. The company has a 50-day simple moving average of $59.35 and a 200 day simple moving average of $58.16.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 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.