Caisse DE Depot ET Placement DU Quebec Increases Position in Chipotle Mexican Grill, Inc. $CMG

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 151.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,060,404 shares of the restaurant operator’s stock after buying an additional 1,842,423 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Chipotle Mexican Grill were worth $153,663,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMG. Nuveen LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after buying an additional 8,318,534 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Chipotle Mexican Grill by 98.1% during 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 buying an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after buying an additional 4,759,520 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Argus lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Finally, Stephens reaffirmed an “equal weight” rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $60.22.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction that occurred 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 $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Up 1.6%

Shares of NYSE:CMG opened at $43.58 on Monday. The company has a market capitalization of $58.44 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74. The firm has a 50 day moving average of $49.60 and a 200 day moving average of $50.53.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.