This morning we watched Chipotle Mexican Grill drop -2.8% to a price of $52.47 per share. The Large-Cap Restaurant Chain company is now trading -15.4% below its average target price of $62.02. Analysts have set target prices ranging from $44.0 to $73.0 per share for Chipotle Mexican Grill, and have given the stock an average rating of buy.
Chipotle Mexican Grill's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.6%. The stock's short ratio is 1.71. The company's insiders own 0.63% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 87.2%. In conclusion, we believe there is mixed market sentiment regarding Chipotle Mexican Grill.
Institutions Invested in Chipotle Mexican Grill
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | JP Morgan Chase & Company | 0% | 49,018,975 | $2,572,025,678 |
| 2024-06-30 | Vanguard Group Inc | 0% | 119,805,833 | $6,286,212,203 |
| 2024-06-30 | Blackrock Inc. | 0% | 109,512,495 | $5,746,120,746 |
| 2024-06-30 | Capital World Investors | 0% | 39,513,807 | $2,073,289,501 |
| 2024-06-30 | FMR, LLC | 0% | 35,726,966 | $1,874,593,949 |
| 2024-06-30 | Capital International Investors | 0% | 30,249,977 | $1,587,216,330 |
| 2024-06-30 | Geode Capital Management, LLC | 0% | 27,642,971 | $1,450,426,722 |
| 2024-06-30 | State Street Corporation | 0% | 55,088,672 | $2,890,502,687 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 0% | 51,480,632 | $2,701,188,823 |
| 2024-06-30 | Pershing Square Capital Management, L.P. | 0% | 28,815,165 | $1,511,931,742 |
