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

Teacher Retirement System of Texas decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC boosted its position in Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Money Concepts Capital Corp increased its holdings in shares of Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after purchasing an additional 221 shares during the last quarter. SlateStone Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock valued at $434,000 after purchasing an additional 235 shares during the last quarter. Finally, Northwest Bank & Trust Co increased its holdings in shares of Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays increased their price target on Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Redburn Atlantic started coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price for the company. Evercore ISI cut their target price 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. JPMorgan Chase & Co. cut their target price 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. Finally, Truist Financial cut their target price on 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. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $60.93.

Chipotle Mexican Grill Trading Up 0.1%

NYSE:CMG traded up $0.03 during midday trading on Tuesday, reaching $55.49. The company had a trading volume of 9,937,588 shares, compared to its average volume of 12,806,392. The firm has a market capitalization of $74.77 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 2.75 and a beta of 1.08. The stock's fifty day simple moving average is $52.26 and its 200-day simple moving average is $53.24. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74.

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

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade 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. Company insiders own 1.02% of the company's stock.

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.