New York State Teachers Retirement System Has $56.27 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

New York State Teachers Retirement System trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,120,618 shares of the restaurant operator's stock after selling 44,805 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Chipotle Mexican Grill worth $56,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. HighMark Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Chipotle Mexican Grill by 312.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 625 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 2.1%

Shares of NYSE:CMG traded down $1.20 during trading on Wednesday, reaching $57.04. 3,031,658 shares of the stock were exchanged, compared to its average volume of 12,846,807. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The stock has a 50-day moving average price of $51.65 and a 200-day moving average price of $53.46. The firm has a market cap of $76.85 billion, a PE ratio of 50.32, a PEG ratio of 2.78 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $13.37 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value 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. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CMG shares. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Truist Financial dropped their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a report on Friday, April 25th. 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. Finally, Royal Bank Of Canada cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $60.93.

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.