Caisse de depot et placement du Quebec Buys New Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Caisse de dépôt et placement du Québec acquired 887,609 Chipotle shares worth approximately $30.2 million, representing 0.07% of the company. Institutional investors collectively own 91.30% of Chipotle.
• Chipotle reported quarterly revenue of $3.35 billion and earnings of $0.33 per share, slightly exceeding analyst expectations; revenue increased 9.3% year over year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $43.84, compared with the stock’s reported price of $38.08.

Caisse de depot et placement du Quebec bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 887,609 shares of the restaurant operator's stock, valued at approximately $30,179,000. Caisse de depot et placement du Quebec owned 0.07% of Chipotle Mexican Grill as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Man Group plc acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $240,389,000. Western Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $510,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $4,221,000. Jupiter Topco LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $5,312,000. Finally, EFG International AG bought a new position in Chipotle Mexican Grill during the second quarter worth $171,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $38.08 on Friday. The business has a 50-day simple moving average of $34.33 and a 200 day simple moving average of $33.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81. The firm has a market capitalization of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.37 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company's stock, valued at $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James Financial restated an "outperform" rating and issued a $42.50 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Stephens reissued a "positive" rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Weiss Ratings raised Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Citigroup cut their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, July 13th. Finally, BTIG Research reaffirmed a "buy" rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.84.

Chipotle Mexican Grill 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.

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