Teacher Retirement System of Texas Has $13.18 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teacher Retirement System of Texas lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,537 shares of the restaurant operator's stock after selling 109,207 shares during the quarter. Teacher Retirement System of Texas' holdings in Chipotle Mexican Grill were worth $13,182,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares during the period. Atria Investments Inc raised its holdings in Chipotle Mexican Grill by 12.8% in the fourth quarter. Atria Investments Inc now owns 100,604 shares of the restaurant operator's stock worth $6,066,000 after purchasing an additional 11,444 shares during the period. Proficio Capital Partners LLC raised its position in shares of Chipotle Mexican Grill by 100.5% during the fourth quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock worth $422,000 after purchasing an additional 3,507 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $315,220,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $1.96 during mid-day trading on Monday, reaching $55.11. 7,677,867 shares of the company's stock were exchanged, compared to its average volume of 12,839,894. The firm has a market capitalization of $74.26 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 2.83 and a beta of 1.08. The business's fifty day moving average price is $52.07 and its 200-day moving average price is $53.27. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate 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 43.29% and a net margin of 13.59%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $13.37 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Stephens reaffirmed an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, Citigroup decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Nine 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 company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $60.93.

Chipotle Mexican Grill 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.