Chipotle Mexican Grill, Inc. $CMG Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Chipotle Mexican Grill by 14.4%, now holding 49,028 shares worth approximately $2.46 million.
• Multiple large investors have increased their stakes, with Price T Rowe Associates owning 56.83 million shares, indicating strong institutional interest as 91.30% of the stock is held by institutional investors.
• Chipotle's financial performance includes a $3.06 billion revenue for the latest quarter, with an EPS of $0.33, slightly above analysts’ expectations of $0.32.

OMERS ADMINISTRATION Corp reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,028 shares of the restaurant operator's stock after selling 8,233 shares during the period. OMERS ADMINISTRATION Corp's holdings in Chipotle Mexican Grill were worth $2,462,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth about $25,000. HighMark Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares in the last quarter. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CMG shares. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Stephens reiterated an "equal weight" rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. TD Cowen dropped their price objective on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, TD Securities reiterated a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. One 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's stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $60.22.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were 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 of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Trading Down 0.6%

Shares of NYSE CMG traded down $0.26 during midday trading on Friday, reaching $42.15. The company had a trading volume of 14,787,525 shares, compared to its average volume of 16,218,019. The business's 50-day simple moving average is $48.64 and its 200 day simple moving average is $50.07. The stock has a market cap of $56.52 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.14 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74.

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

Chipotle Mexican Grill 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.