SEB Asset Management AB Invests $8.40 Million in Chipotle Mexican Grill, Inc. $CMG

SEB Asset Management AB acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 262,416 shares of the restaurant operator’s stock, valued at approximately $8,400,000.

Other institutional investors have also made changes to their positions in the company. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $25,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $28,000. Merkkuri Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $28,000. Finally, Ankerstar Wealth LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth $33,000. 91.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMG shares. BNP Paribas Exane boosted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Stephens lifted their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Morgan Stanley set a $37.00 price objective on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Finally, TD Cowen restated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

View Our Latest Stock Analysis on CMG

Chipotle Mexican Grill News Summary

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

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $33.33 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $53.03. The stock has a market cap of $42.75 billion, a PE ratio of 30.58, a PEG ratio of 2.17 and a beta of 0.97. The firm has a 50-day simple moving average of $32.63 and a 200 day simple moving average of $34.84.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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