Canada Pension Plan Investment Board Has $88.33 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Canada Pension Plan Investment Board cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464,786 shares of the restaurant operator's stock after selling 446,186 shares during the period. Canada Pension Plan Investment Board owned approximately 0.11% of Chipotle Mexican Grill worth $88,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $371,000. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after purchasing an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $715,000. Finally, Vinva Investment Management Ltd grew its position in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after buying an additional 21,864 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.05 during midday trading on Friday, hitting $48.13. The company's stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,408,265. The stock's 50 day simple moving average is $50.92 and its 200 day simple moving average is $56.57. The stock has a market capitalization of $65.24 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. KeyCorp decreased their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Stephens cut their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.42.

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.