Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,846,674 shares of the restaurant operator’s stock after selling 76,378 shares during the quarter. New York State Common Retirement Fund’s holdings in Chipotle Mexican Grill were worth $111,354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $371,000. U.S. Capital Wealth Advisors LLC raised its holdings in Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after buying an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth about $715,000. Hantz Financial Services Inc. raised its holdings in Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the period. Finally, L & S Advisors Inc acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $3,256,000. 91.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 4.6 %

Shares of Chipotle Mexican Grill stock opened at $54.48 on Wednesday. The stock has a market capitalization of $74.23 billion, a P/E ratio of 49.07, a PEG ratio of 2.14 and a beta of 1.27. The stock has a 50 day moving average price of $59.35 and a two-hundred day moving average price of $58.16. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent analyst reports. TD Cowen boosted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial boosted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. KeyCorp cut their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Wedbush cut their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Ten research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.31.

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.