Caisse DE Depot ET Placement DU Quebec Has $142.40 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Caisse DE Depot ET Placement DU Quebec boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 123.3% in the third quarter, HoldingsChannel.com reports. The firm owned 2,471,335 shares of the restaurant operator’s stock after buying an additional 1,364,635 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Chipotle Mexican Grill were worth $142,398,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CMG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill during the second quarter valued at $25,000. Riverview Trust Co boosted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $25,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 in the last 90 days. 1.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMG shares. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada began coverage on shares of Chipotle Mexican Grill in a research report on Friday, November 15th. They set an “outperform” rating and a $70.00 price objective on the stock. Piper Sandler increased their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $61.52 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $43.66 and a 52-week high of $69.26. The company has a market capitalization of $83.83 billion, a P/E ratio of 57.26, a P/E/G ratio of 2.50 and a beta of 1.26. The company has a fifty day moving average of $58.89 and a 200-day moving average of $80.86.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal 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.