Canada Pension Plan Investment Board Has $91.84 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• The Canada Pension Plan Investment Board increased its holdings in Chipotle Mexican Grill by 24.9%, acquiring a total of 1,829,129 shares worth approximately $91.8 million.
• Chipotle reported a quarterly earnings per share of $0.33, exceeding analysts' estimates, despite a decline in revenue compared to expectations.
• Multiple hedge funds have also made significant movements in Chipotle shares, with institutional investors now owning 91.30% of the company’s stock.

Canada Pension Plan Investment Board increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,829,129 shares of the restaurant operator's stock after purchasing an additional 364,343 shares during the period. Canada Pension Plan Investment Board owned approximately 0.14% of Chipotle Mexican Grill worth $91,841,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after acquiring an additional 491,002 shares in the last quarter. Corient IA LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter worth $753,000. Banco Santander S.A. grew its holdings in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock valued at $1,595,000 after acquiring an additional 10,246 shares in the last quarter. Community Trust & Investment Co. bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $7,773,000. Finally, LPL Financial LLC increased its position in shares of Chipotle Mexican Grill by 4.3% during the 1st quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator's stock worth $64,086,000 after purchasing an additional 52,937 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 0.8%

Shares of CMG stock traded down $0.35 during trading hours on Tuesday, hitting $41.79. 11,621,217 shares of the company's stock traded hands, compared to its average volume of 14,182,030. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The stock has a market cap of $56.03 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. The stock's 50 day simple moving average is $48.41 and its 200 day simple moving average is $49.90.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. 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 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company earned $0.34 EPS. Chipotle Mexican Grill's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Securities restated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Barclays decreased their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

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.