Ontario Teachers Pension Plan Board Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Ontario Teachers Pension Plan Board increased its stake in Chipotle Mexican Grill by 173.6% during Q1, owning 30,814 shares valued at approximately $1.55 million.
• Shares of Chipotle Mexican Grill recently traded at $41.47, with a market capitalization of $55.61 billion and a PE ratio of 37.03.
• Analysts provide a consensus rating of "Moderate Buy" for Chipotle, with a target price averaging $60.71 as several firms adjusted their price targets recently.

Ontario Teachers Pension Plan Board grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 173.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,814 shares of the restaurant operator's stock after purchasing an additional 19,550 shares during the period. Ontario Teachers Pension Plan Board's holdings in Chipotle Mexican Grill were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares in the last quarter. Northern Trust Corp increased its stake in Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Chipotle Mexican Grill by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock worth $619,743,000 after purchasing an additional 2,006,338 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,889,179 shares of the restaurant operator's stock valued at $596,333,000 after purchasing an additional 58,535 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG traded down $1.22 during mid-day trading on Friday, reaching $41.47. 22,568,844 shares of the company's stock were exchanged, compared to its average volume of 21,007,966. The stock has a market capitalization of $55.61 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52-week low of $41.43 and a 52-week high of $66.74. The business's fifty day simple moving average is $51.21 and its 200-day simple moving average is $51.64.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business's 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. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stephens reaffirmed an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Barclays reduced their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Evercore ISI lowered their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.81% of the company's stock.

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.