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

State of Tennessee Department of Treasury lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its holdings in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Chipotle Mexican Grill by 1.4% in 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 during the last quarter. American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $1,093,345,000. Finally, Franklin Resources Inc. grew its stake in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $46.51 on Tuesday. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company has a 50-day simple moving average of $50.70 and a two-hundred day simple moving average of $56.50. The firm has a market capitalization of $63.04 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens reaffirmed an “equal weight” rating and set a $54.00 price objective on shares of Chipotle Mexican Grill in a report on Monday. Raymond James dropped their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Barclays dropped their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Eight research 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.21.

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.