Alberta Investment Management Corp Grows Position in Chipotle Mexican Grill, Inc. $CMG

Alberta Investment Management Corp raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 423.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,014 shares of the restaurant operator’s stock after buying an additional 108,414 shares during the quarter. Alberta Investment Management Corp’s holdings in Chipotle Mexican Grill were worth $5,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Trueblood Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 253 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.4% during the second quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock worth $4,288,000 after buying an additional 269 shares during the period. Lakeshore Capital Group Inc. increased its position in Chipotle Mexican Grill by 1.9% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock valued at $573,000 after acquiring an additional 272 shares during the period. Finally, Pine Haven Investment Counsel Inc raised its stake in Chipotle Mexican Grill by 0.8% during the 3rd quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock valued at $1,465,000 after acquiring an additional 280 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMG shares. Citigroup boosted their target price on Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Argus reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, February 5th. Finally, Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Stock Up 2.3%

Shares of NYSE CMG opened at $38.77 on Thursday. The stock has a market capitalization of $50.49 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.31 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The firm has a 50-day moving average price of $38.37 and a 200 day moving average price of $38.35.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.