Federation des caisses Desjardins du Quebec Has $7.81 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Federation des caisses Desjardins du Quebec increased its position in Chipotle Mexican Grill by 6.2% during the first quarter, acquiring a total of 155,532 shares valued at approximately $7.81 million.
• Analyst ratings for Chipotle are mixed, with one analyst rating it as a Strong Buy, twenty as a Buy, and eight as a Hold, reflecting diverse opinions on the stock's potential.
• Chipotle reported earnings of $0.33 per share, slightly exceeding analyst expectations, while its revenue for the quarter was up 3% year-over-year, totaling $3.06 billion.

Federation des caisses Desjardins du Quebec increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,532 shares of the restaurant operator's stock after buying an additional 9,107 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Chipotle Mexican Grill were worth $7,809,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Nuveen LLC bought a new position in Chipotle Mexican Grill during the 1st quarter worth $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after acquiring an additional 8,318,534 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after acquiring an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. raised its stake in Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after acquiring an additional 4,759,520 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after acquiring an additional 4,027,016 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock traded down $0.37 during trading hours on Friday, hitting $41.04. The company had a trading volume of 21,999,135 shares, compared to its average volume of 15,741,330. The firm has a market capitalization of $55.03 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.09 and a beta of 1.02. The firm's fifty day moving average is $47.35 and its 200-day moving average is $49.56. Chipotle Mexican Grill, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $66.74.

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

Analyst Ratings Changes

Several analysts have weighed in on CMG shares. Rothschild & Co Redburn raised Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price target for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Stephens reaffirmed an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Finally, TD Cowen dropped their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.93.

About Chipotle Mexican Grill

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.