Chipotle Mexican Grill, Inc. $CMG Shares Bought by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its stake in Chipotle Mexican Grill by 9.8% in Q2, owning a total of 91,453 shares worth approximately $5.14 million.
• Chipotle reported Q2 earnings of $0.33 EPS, slightly exceeding forecasts, with revenues of $3.06 billion, showing a 3.0% year-over-year increase.
• Chipotle shares experienced a 1.3% decline, with a current stock price of $39.30 and major analysts maintaining a consensus rating of "Moderate Buy".

Avanza Fonder AB boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,453 shares of the restaurant operator's stock after acquiring an additional 8,145 shares during the period. Avanza Fonder AB's holdings in Chipotle Mexican Grill were worth $5,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after buying an additional 279,267 shares during the last quarter. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $224,000. Focus Partners Advisor Solutions LLC grew its stake in shares of Chipotle Mexican Grill by 155.5% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 10,025 shares of the restaurant operator's stock worth $605,000 after acquiring an additional 6,101 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in shares of Chipotle Mexican Grill by 78.1% during the fourth quarter. Vise Technologies Inc. now owns 11,620 shares of the restaurant operator's stock valued at $701,000 after acquiring an additional 5,094 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 1.3%

Shares of CMG stock traded down $0.51 during trading hours on Friday, hitting $39.30. 36,393,078 shares of the company's stock were exchanged, compared to its average volume of 19,852,148. The firm has a 50 day moving average of $43.88 and a two-hundred day moving average of $48.59. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The firm has a market cap of $52.70 billion, a P/E ratio of 35.09, a P/E/G ratio of 2.00 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CMG. TD Securities restated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. UBS Group raised their price objective on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Piper Sandler upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, BTIG Research restated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $59.76.

Chipotle Mexican Grill Company 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.