New York State Common Retirement Fund Trims Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

New York State Common Retirement Fund trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,732,932 shares of the restaurant operator's stock after selling 113,742 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of Chipotle Mexican Grill worth $87,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Alliancebernstein L.P. grew its stake in 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 valued at $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 1.4% in 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 buying an additional 395,053 shares in the last quarter. American Century Companies Inc. grew its stake in 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 valued at $1,220,290,000 after buying an additional 166,767 shares in the last quarter. Norges Bank purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $1,093,345,000. Finally, Northern Trust Corp grew its stake in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after buying an additional 1,438,860 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.7%

NYSE CMG opened at $56.00 on Monday. The company has a 50-day simple moving average of $52.58 and a two-hundred day simple moving average of $53.06. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The firm has a market cap of $75.45 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.78 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its 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 analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $13.37 earnings per share. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, KeyCorp cut their price target on shares of 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 equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.25.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.