Teacher Retirement System of Texas Trims Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teacher Retirement System of Texas reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill in the 4th quarter worth $315,220,000. Vinva Investment Management Ltd raised its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. Community Trust & Investment Co. bought a new position in Chipotle Mexican Grill in the 1st quarter worth $7,773,000. Headlands Technologies LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth $488,000. Finally, Valicenti Advisory Services Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth $3,317,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.7%

Shares of NYSE:CMG traded up $0.39 during trading on Friday, reaching $57.16. The company's stock had a trading volume of 10,384,051 shares, compared to its average volume of 12,859,475. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The firm's 50 day simple moving average is $52.07 and its two-hundred day simple moving average is $53.33. The stock has a market capitalization of $77.01 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $13.37 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMG. UBS Group cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Evercore ISI cut their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. KeyCorp cut their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Piper Sandler cut their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Nine 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.