BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its holdings in Chipotle Mexican Grill by 40.4%, owning 235,914 shares worth approximately $11.84 million after purchasing an additional 67,943 shares in the first quarter.
• Other institutional investors, including Goldman Sachs Group Inc. and Voya Investment Management LLC, also significantly increased their positions, indicating strong interest from hedge funds with 91.30% of Chipotle's stock owned by institutional investors.
• Chipotle's latest earnings report showed a net margin of 13.32% and $3.06 billion in revenue for the quarter, with expectations for an average EPS of 1.29 for the current year.

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 40.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 235,914 shares of the restaurant operator's stock after buying an additional 67,943 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Chipotle Mexican Grill were worth $11,845,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 114.2% during the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after purchasing an additional 4,790,464 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its position in shares of Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $43.2150 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The company has a 50 day simple moving average of $50.07 and a two-hundred day simple moving average of $50.89. The firm has a market cap of $57.95 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05.

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

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stephens reaffirmed an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Loop Capital reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. TD Cowen reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $56.00 to $65.00 in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $60.22.

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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