Chipotle Mexican Grill, Inc. $CMG Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3,133.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,453,578 shares of the restaurant operator's stock after purchasing an additional 64,398,656 shares during the period. California State Teachers Retirement System owned about 5.25% of Chipotle Mexican Grill worth $2,259,422,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CMG. BlackRock Inc. purchased a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $4,417,475,000. Norges Bank purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $711,837,000. Capital World Investors boosted its holdings in shares of Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator's stock valued at $3,762,457,000 after purchasing an additional 13,843,222 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $383,483,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator's stock valued at $520,300,000 after purchasing an additional 9,473,120 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore reissued an "outperform" rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. UBS Group restated a "buy" rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. DA Davidson increased their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. BTIG Research reaffirmed a "buy" rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.84.

Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares of the company's stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.3%

CMG opened at $36.23 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81. The firm has a market capitalization of $45.85 billion, a P/E ratio of 33.24, a PEG ratio of 2.21 and a beta of 0.94. The stock has a fifty day moving average of $35.11 and a 200-day moving average of $33.91.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children's meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.

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