Caisse DE Depot ET Placement DU Quebec Buys 1,842,423 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Chipotle Mexican Grill by 151.3%, acquiring an additional 1,842,423 shares, bringing its total ownership to approximately 3,060,404 shares valued at $153.66 million.
• Most analysts maintain a positive outlook on Chipotle, with an average rating of "Moderate Buy" and a consensus target price of $60.22; however, some have revised their price targets downward.
• Insider transactions show that Roger E. Theodoredis sold over 113,000 shares at an average price of $49.70, representing a significant 50.91% decrease in his ownership.

Caisse DE Depot ET Placement DU Quebec increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 151.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,060,404 shares of the restaurant operator's stock after purchasing an additional 1,842,423 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.23% of Chipotle Mexican Grill worth $153,663,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC raised its holdings in Chipotle Mexican Grill by 4.7% in the 4th 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 period. Bank Pictet & Cie Europe AG boosted its stake in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after acquiring an additional 279,267 shares during the period. MGO One Seven LLC boosted its stake in shares of Chipotle Mexican Grill by 53.0% in the fourth quarter. MGO One Seven LLC now owns 12,547 shares of the restaurant operator's stock worth $757,000 after acquiring an additional 4,347 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 50.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 100,370 shares of the restaurant operator's stock worth $6,053,000 after acquiring an additional 33,744 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 21,499 shares of the restaurant operator's stock worth $1,296,000 after acquiring an additional 3,230 shares during the period. 91.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CMG shares. TD Cowen dropped their price objective on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Piper Sandler raised Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Stephens reaffirmed an "equal weight" rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Melius began coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. Finally, KeyCorp reduced their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.22.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Trading Up 1.6%

CMG opened at $43.58 on Monday. The firm has a market cap of $58.44 billion, a P/E ratio of 38.91, a P/E/G ratio of 2.22 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The stock has a 50-day moving average of $49.60 and a 200 day moving average of $50.53.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.

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