Swedbank AB Trims Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Swedbank AB lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 847,442 shares of the restaurant operator’s stock after selling 6,913 shares during the quarter. Swedbank AB owned about 0.06% of Chipotle Mexican Grill worth $51,101,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMG. Assenagon Asset Management S.A. lifted its position in shares of Chipotle Mexican Grill by 1,087.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after buying an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $109,396,000. Thrivent Financial for Lutherans increased its holdings in shares of Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after acquiring an additional 1,848,625 shares during the period. Raymond James & Associates increased its holdings in shares of Chipotle Mexican Grill by 94.3% in the 3rd quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock valued at $171,118,000 after acquiring an additional 1,441,172 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 5,188.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock valued at $818,860,000 after acquiring an additional 1,394,270 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.9 %

Chipotle Mexican Grill stock opened at $58.34 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.88 and a 52 week high of $69.26. The firm’s 50-day simple moving average is $60.61 and its 200 day simple moving average is $57.72. The firm has a market capitalization of $79.49 billion, a PE ratio of 54.30, a P/E/G ratio of 1.88 and a beta of 1.27.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMG shares. Citigroup cut their target price on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Monday. Raymond James cut their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday. Truist Financial lifted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.88.

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.