Teacher Retirement System of Texas Sells 109,207 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teacher Retirement System of Texas cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,537 shares of the restaurant operator's stock after selling 109,207 shares during the period. Teacher Retirement System of Texas' holdings in Chipotle Mexican Grill were worth $13,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mainstream Capital Management LLC lifted its stake in Chipotle Mexican Grill by 5.1% during the first quarter. Mainstream Capital Management LLC now owns 28,408 shares of the restaurant operator's stock valued at $1,426,000 after purchasing an additional 1,374 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in Chipotle Mexican Grill by 116.1% during the first quarter. Physician Wealth Advisors Inc. now owns 834 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 448 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $1,529,000. Coastline Trust Co lifted its stake in Chipotle Mexican Grill by 2.8% during the first quarter. Coastline Trust Co now owns 22,864 shares of the restaurant operator's stock valued at $1,148,000 after purchasing an additional 626 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Chipotle Mexican Grill by 1.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 159,316 shares of the restaurant operator's stock valued at $7,999,000 after purchasing an additional 2,578 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. KeyCorp decreased their price objective on shares of 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. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Finally, Barclays raised their price objective on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Nine research 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.93.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on 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 transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.39 during midday trading on Friday, reaching $57.16. 10,384,051 shares of the company's stock traded hands, compared to its average volume of 12,859,475. The company has a market cap of $77.01 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The company's 50 day simple moving average is $52.07 and its 200 day simple moving average is $53.33. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74.

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 for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $13.37 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.