OMERS ADMINISTRATION Corp Buys 9,561 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

OMERS ADMINISTRATION Corp grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.0% during the fourth quarter, HoldingsChannel reports. The firm owned 57,261 shares of the restaurant operator’s stock after purchasing an additional 9,561 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Chipotle Mexican Grill were worth $3,453,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after acquiring an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $50.66 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The company has a market cap of $68.26 billion, a P/E ratio of 45.63, a PEG ratio of 2.04 and a beta of 1.11. The stock’s fifty day moving average price is $49.59 and its 200-day moving average price is $55.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $13.37 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.74.

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.