New York State Teachers Retirement System Sells 110,881 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

New York State Teachers Retirement System reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,211,269 shares of the restaurant operator’s stock after selling 110,881 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Chipotle Mexican Grill worth $69,793,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 7.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 3,824 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 274 shares during the period. Golden State Equity Partners boosted its holdings in shares of Chipotle Mexican Grill by 65.4% in the third quarter. Golden State Equity Partners now owns 12,840 shares of the restaurant operator’s stock worth $740,000 after acquiring an additional 5,075 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of Chipotle Mexican Grill by 5,662.0% in the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock worth $498,000 after acquiring an additional 8,493 shares during the period. WD Rutherford LLC boosted its holdings in shares of Chipotle Mexican Grill by 52.8% in the third quarter. WD Rutherford LLC now owns 38,613 shares of the restaurant operator’s stock worth $2,225,000 after acquiring an additional 13,346 shares during the period. Finally, Adell Harriman & Carpenter Inc. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth $234,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $55.76 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $38.01 and a 1 year high of $69.26. The company has a market cap of $76.36 billion, a PE ratio of 54.67, a P/E/G ratio of 2.41 and a beta of 1.25. The stock’s 50-day moving average is $57.14 and its 200 day moving average is $81.32.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CMG shares. Truist Financial lifted their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. StockNews.com lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Finally, Citigroup dropped their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

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.