Nykredit A S Makes New $20.21 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Nykredit A S purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, HoldingsChannel reports. The firm purchased 594,551 shares of the restaurant operator’s stock, valued at approximately $20,215,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. EP Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $948,000. Callan Family Office LLC purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $1,406,000. Norges Bank purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $711,837,000. PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock valued at $9,138,000 after buying an additional 77,002 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in shares of Chipotle Mexican Grill by 156.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after buying an additional 35,589 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMG shares. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Evercore reissued an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.84.

Chipotle Mexican Grill Stock Down 1.6%

Chipotle Mexican Grill stock opened at $36.96 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The firm’s fifty day moving average is $34.92 and its 200 day moving average is $33.95. The company has a market cap of $46.77 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.30 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill 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.