<div id="readability-page-1"><p>Employees Retirement System of Texas raised its position in shares of  Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 996,912 shares of the restaurant operator's stock after acquiring an additional 8,412 shares during the period. Employees Retirement System of Texas owned approximately 0.07% of Chipotle Mexican Grill worth $55,977,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Chipotle Mexican Grill</strong> alerts:</span></p></div><ul><li>CAVA Stock Looking for Direction After Earnings Miss</li></ul><p>Several other hedge funds and other institutional investors have also modified their holdings of CMG. Charles Schwab Investment Management Inc. raised its stake in shares of  Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock valued at $450,868,000 after acquiring an additional 491,002 shares during the period.  Corient IA LLC acquired a new stake in  Chipotle Mexican Grill in the 1st quarter valued at $753,000.  Advisors Asset Management Inc. raised its position in  Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period.  Hilltop National Bank acquired a new position in shares of  Chipotle Mexican Grill during the second quarter worth about $2,579,000.  Finally, Banco Santander S.A. lifted its stake in shares of  Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after purchasing an additional 10,246 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts have recently issued reports on CMG shares. Mizuho  set a $34.00 target price on Chipotle Mexican Grill in a research note on Thursday, October 30th. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a &#34;buy&#34; rating for the company in a research report on Tuesday, September 9th. Royal Bank Of Canada dropped their price objective on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an &#34;outperform&#34; rating on the stock in a research note on Thursday, October 30th. TD Cowen reduced their target price on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a &#34;buy&#34; rating on the stock in a research report on Thursday, October 30th. Finally, BTIG Research lowered their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned  a Buy rating, eleven have assigned  a Hold rating and one  has issued  a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $49.81.</p><ul><li>Why Chipotle Stock May Bounce After a Brutal Sell-Off</li></ul><p><b>Read Our Latest Stock Analysis on CMG</b></p><h2>Chipotle Mexican Grill Trading Up 7.0%</h2><p>CMG stock opened at $33.38 on Wednesday. The firm has a 50 day simple moving average of $37.08 and a 200-day simple moving average of $44.40. The company has a market capitalization of $44.14 billion, a P/E ratio of 29.54, a PEG ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74. </p><ul><li>Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback</li></ul><p>Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts' consensus estimates of $0.29. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS.  On average, research analysts predict that  Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year. </p><h2>Chipotle Mexican Grill Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Chipotle Mexican Grill</li><li>Want to Profit on the Downtrend? Downtrends, Explained.</li><li>Warner Bros. Sale Rumors Heat Up: What Investors Need to Know</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>From Science Project to Solvent: WeRide’s 761% Revenue Surge</li><li>What is a Secondary Public Offering? What Investors Need to Know</li><li>Will the S&amp;P 500 Rally in December? These 3 Signals Point to a Big Move Ahead</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNNRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNNRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Chipotle Mexican Grill Right Now?</h2><p>Before you consider Chipotle Mexican Grill, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chipotle Mexican Grill wasn't on the list.</p><p>While Chipotle Mexican Grill currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Employees Retirement System of Texas increased its stake in Chipotle Mexican Grill by 0.9% in Q2, owning 996,912 shares valued at $55.98 million. Institutional investors hold 91.30% of CMG stock. Analysts have mixed ratings, with a consensus target price of $49.81. CMG's stock opened at $33.38, with a market cap of $44.14 billion. Recent earnings met expectations with $0.29 EPS and $3 billion revenue, up 7.5% year-over-year.</p>

Employees Retirement System of Texas Raises Holdings in Chipotle Mexican Grill, Inc. $CMG