New York State Teachers Retirement System Decreases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

New York State Teachers Retirement System reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,165,423 shares of the restaurant operator’s stock after selling 45,846 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Chipotle Mexican Grill worth $70,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC lifted its stake in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth $32,000. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth $33,000. Global Trust Asset Management LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth $35,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.5 %

NYSE CMG opened at $58.16 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a market capitalization of $79.25 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The firm has a 50 day moving average of $59.81 and a two-hundred day moving average of $58.03.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMG. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital lifted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.31.

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.