Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,727 shares of the restaurant operator’s stock after purchasing an additional 10,423 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.14% of Chipotle Mexican Grill worth $67,865,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC increased its stake in Chipotle Mexican Grill by 2.4% in the first quarter. Bleakley Financial Group LLC now owns 732 shares of the restaurant operator’s stock valued at $1,250,000 after purchasing an additional 17 shares during the last quarter. Clear Street Markets LLC increased its stake in Chipotle Mexican Grill by 96.3% in the first quarter. Clear Street Markets LLC now owns 53 shares of the restaurant operator’s stock valued at $91,000 after purchasing an additional 26 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in Chipotle Mexican Grill by 55.0% in the first quarter. Ontario Teachers Pension Plan Board now owns 662 shares of the restaurant operator’s stock valued at $1,131,000 after purchasing an additional 235 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in Chipotle Mexican Grill in the first quarter valued at approximately $6,302,000. Finally, Boulder Hill Capital Management LP purchased a new position in Chipotle Mexican Grill in the first quarter valued at approximately $342,000. 91.19% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $1,966.84 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $1,344.05 and a one year high of $2,175.01. The business has a fifty day moving average of $1,974.26 and a two-hundred day moving average of $1,890.93. The company has a market cap of $54.27 billion, a P/E ratio of 49.15, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 EPS for the quarter, beating analysts’ consensus estimates of $12.25 by $0.40. Chipotle Mexican Grill had a return on equity of 45.85% and a net margin of 12.00%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company earned $9.30 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 43.06 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $2,025.00 to $2,010.00 in a research note on Thursday, July 27th. StockNews.com began coverage on shares of Chipotle Mexican Grill in a research report on Thursday, August 17th. They set a “hold” rating on the stock. TD Cowen lowered their target price on shares of Chipotle Mexican Grill from $2,350.00 to $2,200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 27th. Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $2,200.00 to $2,400.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Finally, Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $2,310.00 to $2,230.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,144.71.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,058 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the completion of the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at $45,016,751.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Brian R. Niccol sold 1,058 shares of Chipotle Mexican Grill stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total transaction of $2,039,993.28. Following the completion of the sale, the chief executive officer now owns 23,347 shares in the company, valued at approximately $45,016,751.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,086 shares of Chipotle Mexican Grill stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $49,915,886. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,207 shares of company stock valued at $6,434,541. 0.96% of the stock is owned by company insiders.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.