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

California State Teachers Retirement System reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,173,041 shares of the restaurant operator's stock after selling 67,094 shares during the period. California State Teachers Retirement System owned about 0.16% of Chipotle Mexican Grill worth $131,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $692,701,000. Alliancebernstein L.P. increased its holdings in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after buying an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $315,220,000. Finally, Voya Investment Management LLC boosted its holdings in Chipotle Mexican Grill by 114.2% in the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after acquiring an additional 4,790,464 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 2.5 %

Shares of Chipotle Mexican Grill stock traded up $1.26 on Friday, hitting $51.58. 9,055,307 shares of the company traded hands, compared to its average volume of 13,473,771. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The company has a 50-day moving average price of $49.95 and a 200 day moving average price of $55.97. The company has a market cap of $69.50 billion, a PE ratio of 46.46, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.37 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMG. UBS Group decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Oppenheimer lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, KeyCorp decreased their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently 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.