Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Reduced by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,290,832 shares of the restaurant operator’s stock after selling 164,835 shares during the period. California Public Employees Retirement System’s holdings in Chipotle Mexican Grill were worth $138,137,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $715,000. Finally, Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after buying an additional 21,864 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMG. Piper Sandler cut their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price target for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $49.91 on Monday. The firm’s 50 day moving average price is $53.81 and its two-hundred day moving average price is $57.57. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The stock has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company 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.