Caisse DE Depot ET Placement DU Quebec Sells 1,253,354 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Caisse DE Depot ET Placement DU Quebec trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,217,981 shares of the restaurant operator's stock after selling 1,253,354 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.09% of Chipotle Mexican Grill worth $73,444,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bison Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $224,000. Connors Investor Services Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $241,000. Voleon Capital Management LP bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $2,067,000. Schonfeld Strategic Advisors LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $5,470,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 64.0% in the fourth quarter. AQR Capital Management LLC now owns 1,509,387 shares of the restaurant operator's stock worth $91,016,000 after acquiring an additional 588,901 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Robert W. Baird dropped their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.48 during trading on Tuesday, hitting $50.49. 9,586,047 shares of the stock traded hands, compared to its average volume of 13,450,115. The stock has a market cap of $68.03 billion, a price-to-earnings ratio of 45.48, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The firm's 50 day moving average is $49.88 and its two-hundred day moving average is $55.90.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business earned $13.37 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts anticipate 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.