AMF Tjanstepension AB Purchases New Shares in Chipotle Mexican Grill, Inc. $CMG

Key Points

• AMF Tjanstepension AB purchased 768,616 shares of Chipotle Mexican Grill, valued at approximately $43.16 million, increasing its holdings to about 0.06% of the company.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Chipotle, with an average target price of $59.41 and 21 analysts issuing a Buy rating.
• Chipotle reported a quarterly earnings per share (EPS) of $0.33, slightly above analysts' expectations, with revenue totaling $3.06 billion for the quarter.

AMF Tjanstepension AB purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 768,616 shares of the restaurant operator's stock, valued at approximately $43,158,000. AMF Tjanstepension AB owned approximately 0.06% of Chipotle Mexican Grill at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMG. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $27,000. 1248 Management LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth about $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth about $28,000. Finally, HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CMG shares. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Stifel Nicolaus decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, September 9th. Sanford C. Bernstein dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Finally, Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.41.

Chipotle Mexican Grill Stock Up 3.7%

Chipotle Mexican Grill stock opened at $41.78 on Friday. The company has a market capitalization of $56.02 billion, a PE ratio of 37.30, a PEG ratio of 2.05 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The firm's fifty day moving average is $41.47 and its 200 day moving average is $47.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the business earned $0.34 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.

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