State of Tennessee Department of Treasury Lowers Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

State of Tennessee Department of Treasury cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 534,623 shares of the restaurant operator's stock after selling 5,444 shares during the period. State of Tennessee Department of Treasury's holdings in Chipotle Mexican Grill were worth $32,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after buying an additional 6,853,470 shares during the period. Geode Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Finally, Franklin Resources Inc. grew its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock worth $805,692,000 after purchasing an additional 381,873 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CMG shares. UBS Group cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday. Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday. Loop Capital cut their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday. Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Finally, Citigroup cut their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $61.78.

Chipotle Mexican Grill Stock Up 4.8 %

Shares of NYSE:CMG traded up $2.39 on Friday, hitting $51.93. The company had a trading volume of 26,657,351 shares, compared to its average volume of 13,469,142. The firm's 50-day simple moving average is $50.11 and its two-hundred day simple moving average is $56.26. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its 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 firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.