Teacher Retirement System of Texas Has $22.42 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teacher Retirement System of Texas reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 371,744 shares of the restaurant operator's stock after selling 606,473 shares during the quarter. Teacher Retirement System of Texas' holdings in Chipotle Mexican Grill were worth $22,416,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter worth about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.2 %

NYSE CMG traded down $0.11 on Tuesday, reaching $49.49. The company's stock had a trading volume of 11,348,955 shares, compared to its average volume of 13,036,199. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The firm has a market cap of $67.08 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a 50-day moving average price of $54.26 and a 200 day moving average price of $57.67.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CMG shares. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Wedbush decreased their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Barclays dropped their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

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.