Temasek Holdings Private Ltd Purchases 629,263 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Temasek Holdings Private Ltd increased its stake in Chipotle Mexican Grill, Inc. by 548.1% during the first quarter, now owning a total of 744,065 shares valued at $37.36 million.
• The majority of Chipotle's stock, approximately 91.30%, is held by institutional investors, indicating strong involvement from large financial entities.
• Analyst ratings show a general positive outlook for Chipotle, with 21 ratings categorized as "Buy" and an average price target of $59.93.

Temasek Holdings Private Ltd grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 548.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 744,065 shares of the restaurant operator's stock after buying an additional 629,263 shares during the period. Temasek Holdings Private Ltd owned 0.06% of Chipotle Mexican Grill worth $37,360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CMG. Nuveen LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth about $535,023,000. Goldman Sachs Group Inc. lifted its holdings 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 worth $497,105,000 after purchasing an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings 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 worth $235,580,000 after purchasing an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 worth $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth about $127,892,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $0.18 on Tuesday, hitting $39.47. The company's stock had a trading volume of 17,853,084 shares, compared to its average volume of 16,588,794. The company has a 50-day simple moving average of $46.64 and a 200 day simple moving average of $49.39. Chipotle Mexican Grill, Inc. has a 1 year low of $39.23 and a 1 year high of $66.74. The company has a market capitalization of $52.92 billion, a PE ratio of 35.24, a PEG ratio of 2.02 and a beta of 1.02.

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 for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent research reports. Truist Financial dropped their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $56.00 to $65.00 in a report on Friday, July 18th. TD Securities reissued a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Wells Fargo & Company dropped their price objective 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. Finally, Stephens reaffirmed an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.76.

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.