Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 8,394 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,728 shares of the restaurant operator’s stock after selling 8,394 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Chipotle Mexican Grill were worth $17,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after buying an additional 438,007 shares in the last quarter. Franklin Resources Inc. boosted its stake in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. Janus Henderson Group PLC grew its holdings in Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after purchasing an additional 518,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Chipotle Mexican Grill by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after purchasing an additional 288,266 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Piper Sandler lowered 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 research note on Wednesday, February 5th. Finally, Jefferies Financial Group upped their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $49.00 on Friday. The firm has a 50-day simple moving average of $54.69 and a two-hundred day simple moving average of $57.71. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26. The company has a market cap of $66.41 billion, a P/E ratio of 44.14, 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, 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%. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.