Caisse de depot et placement du Quebec Invests $30.18 Million in Chipotle Mexican Grill, Inc. $CMG

Caisse de depot et placement du Quebec purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 887,609 shares of the restaurant operator’s stock, valued at approximately $30,179,000.

A number of other hedge funds have also added to or reduced their stakes in CMG. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Groupama Asset Managment boosted its position in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after buying an additional 291 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after buying an additional 298 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after buying an additional 311 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Chipotle Mexican Grill by 14.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.3%

Shares of Chipotle Mexican Grill stock opened at $38.08 on Friday. The business’s fifty day simple moving average is $34.33 and its 200 day simple moving average is $33.94. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The firm has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.37 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. Evercore restated an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Stephens reissued a “positive” rating and set a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Mizuho boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.84.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.