773,005 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 773,005 shares of the restaurant operator’s stock, valued at approximately $26,282,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $711,837,000. Focus Partners Advisor Solutions LLC boosted its stake in shares of Chipotle Mexican Grill by 156.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after buying an additional 35,589 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab grew its position in Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock worth $9,138,000 after buying an additional 77,002 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $2,888,000. Finally, Tocqueville Asset Management L.P. bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $25,650,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $36.84 on Monday. The business has a fifty day moving average price of $33.80 and a two-hundred day moving average price of $33.96. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $43.72. The stock has a market capitalization of $46.62 billion, a PE ratio of 33.80, a PEG ratio of 2.35 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Mizuho raised their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, BNP Paribas Exane upped their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.