OMERS ADMINISTRATION Corp Takes $26.28 Million Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• OMERS Administration Corp acquired 773,005 Chipotle shares in the second quarter, worth approximately $26.28 million and representing 0.06% of the company. Institutional investors collectively own 91.30% of CMG.
• Chipotle reported quarterly earnings of $0.33 per share, topping estimates by $0.01, while revenue reached $3.35 billion, up 9.3% year over year and slightly above consensus.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus from 33 analysts and an average price target of $44.16, compared with the stock’s reported price of $36.84.

OMERS ADMINISTRATION Corp acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 773,005 shares of the restaurant operator's stock, valued at approximately $26,282,000. OMERS ADMINISTRATION Corp owned 0.06% of Chipotle Mexican Grill at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMG. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $26,000. Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $28,000. Meeder Asset Management Inc. acquired a new position in Chipotle Mexican Grill during the second quarter worth $27,000. Finally, Kelleher Financial Advisors acquired a new position in Chipotle Mexican Grill during the second quarter worth $28,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.2%

NYSE CMG opened at $36.84 on Monday. The firm has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The firm's fifty day moving average price is $33.80 and its two-hundred day moving average price is $33.96. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.72.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMG. Guggenheim reiterated a "neutral" rating and issued a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Citigroup decreased their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a report on Monday, July 13th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Finally, Barclays dropped their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $44.16.

Chipotle Mexican Grill Company 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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