California State Teachers Retirement System Has $69.44 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

California State Teachers Retirement System trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,211 shares of the restaurant operator’s stock after selling 1,820 shares during the quarter. California State Teachers Retirement System’s holdings in Chipotle Mexican Grill were worth $69,444,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CMG. Magellan Asset Management Ltd increased its position in Chipotle Mexican Grill by 8,084.9% during the second quarter. Magellan Asset Management Ltd now owns 396,558 shares of the restaurant operator’s stock worth $518,404,000 after buying an additional 391,713 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Chipotle Mexican Grill by 65.6% during the second quarter. Artisan Partners Limited Partnership now owns 456,355 shares of the restaurant operator’s stock valued at $596,575,000 after acquiring an additional 180,835 shares during the period. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 4.6% during the third quarter. Vanguard Group Inc. now owns 2,620,725 shares of the restaurant operator’s stock valued at $3,938,320,000 after acquiring an additional 114,699 shares during the period. Brown Advisory Inc. boosted its holdings in Chipotle Mexican Grill by 34.1% during the second quarter. Brown Advisory Inc. now owns 201,906 shares of the restaurant operator’s stock valued at $263,944,000 after acquiring an additional 51,360 shares during the period. Finally, Sei Investments Co. boosted its holdings in Chipotle Mexican Grill by 68.2% during the second quarter. Sei Investments Co. now owns 126,255 shares of the restaurant operator’s stock valued at $164,669,000 after acquiring an additional 51,211 shares during the period. 93.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 2,193 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $1,633.11, for a total value of $3,581,410.23. Following the completion of the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at $38,128,219.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 5,636 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $1,646.82, for a total value of $9,281,477.52. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $38,448,306.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 2,193 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $1,633.11, for a total transaction of $3,581,410.23. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at $38,128,219.17. The disclosure for this sale can be found here. Insiders sold a total of 9,404 shares of company stock valued at $15,317,901 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Chipotle Mexican Grill in a report on Thursday. They set a “hold” rating for the company. Raymond James upped their price target on shares of Chipotle Mexican Grill from $1,750.00 to $1,900.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Argus increased their target price on shares of Chipotle Mexican Grill from $1,800.00 to $1,900.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Wedbush increased their target price on shares of Chipotle Mexican Grill from $1,800.00 to $2,080.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Finally, Stephens reiterated an “overweight” rating and issued a $1,760.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, February 8th. Six investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,844.79.

Chipotle Mexican Grill Trading Up 2.2 %

NYSE CMG opened at $1,625.14 on Friday. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 50.69, a PEG ratio of 1.44 and a beta of 1.30. The company has a 50 day moving average of $1,567.49 and a 200-day moving average of $1,540.44. Chipotle Mexican Grill, Inc. has a 1-year low of $1,196.28 and a 1-year high of $1,754.56.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its quarterly earnings results on Tuesday, February 7th. The restaurant operator reported $8.29 earnings per share for the quarter, missing analysts’ consensus estimates of $8.88 by ($0.59). The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.23 billion. Chipotle Mexican Grill had a net margin of 10.41% and a return on equity of 40.96%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.58 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 41.38 earnings per share for the current year.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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