State of Tennessee Department of Treasury Lowers Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

State of Tennessee Department of Treasury decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 534,623 shares of the restaurant operator's stock after selling 5,444 shares during the quarter. State of Tennessee Department of Treasury's holdings in Chipotle Mexican Grill were worth $32,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC grew its position in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. increased its stake in shares of Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Norges Bank bought a new position in Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. Finally, Franklin Resources Inc. lifted its position in Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after purchasing an additional 381,873 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMG. Morgan Stanley decreased their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday. Citigroup dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.96.

Chipotle Mexican Grill Price Performance

CMG traded up $2.39 during trading on Friday, reaching $51.93. 26,657,351 shares of the company's stock were exchanged, compared to its average volume of 13,566,010. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The company's fifty day simple moving average is $50.16 and its 200-day simple moving average is $56.33. The stock has a market capitalization of $70.38 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.