Healthcare of Ontario Pension Plan Trust Fund Has $5.28 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,004 shares of the restaurant operator’s stock after selling 152,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Chipotle Mexican Grill were worth $5,282,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC grew its holdings in shares of 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 valued at $290,000 after purchasing an additional 214 shares during the last quarter. City State Bank lifted its stake in Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 275 shares during the last quarter. Groupama Asset Managment lifted its stake in Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after purchasing an additional 291 shares during the last quarter. Cromwell Holdings LLC lifted its stake in Chipotle Mexican Grill by 7.4% in the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 295 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after buying an additional 298 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Guggenheim decreased their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Weiss Ratings downgraded Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 24th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, Raymond James Financial lowered their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Key Stories Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Quarterly results beat expectations: Chipotle reported adjusted earnings of $0.33 per share, above the $0.32 consensus estimate, while revenue rose 9.3% year over year to $3.35 billion, slightly exceeding expectations. Chipotle: Q2 Earnings Snapshot
• Positive Sentiment: Comparable sales momentum improved: Comparable restaurant sales grew 2.2%, marking a second consecutive quarter of improving transaction trends. Value offers, menu updates and the company’s “Recipe for Growth” strategy helped attract diners in a competitive market. Chipotle raises annual sales forecast
• Positive Sentiment: Full-year outlook was raised: Chipotle increased its comparable-sales guidance, signaling that management expects the second-quarter improvement to continue. The company also opened 100 restaurants during the quarter, supporting long-term revenue growth. Chipotle raises full-year comparable sales guidance
• Neutral Sentiment: Food-safety concerns may be temporary: The company said it was not involved in the reported cyclospora outbreak, although fears related to a lettuce-linked illness reportedly reduced traffic in the second half of July. Chipotle lifts its sales forecast despite outbreak concerns
• Negative Sentiment: Margins remain a risk: Although sales and earnings exceeded estimates, investors continue to monitor labor costs, restaurant-level margins and whether late-July traffic softness persists. Chipotle’s earnings were roughly flat from the prior-year quarter at $0.33 per share. Chipotle stock rises after earnings edge past estimates

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $34.32 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $44.54. The firm has a 50 day moving average price of $32.65 and a two-hundred day moving average price of $34.61. The stock has a market cap of $44.02 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.19 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last released 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. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

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.