Danica Pension Livsforsikringsaktieselskab Invests $4.54 Million in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Danica Pension acquired 133,460 Chipotle shares in the second quarter, valued at approximately $4.54 million. Institutional investors and hedge funds collectively own 91.3% of the company.
• Chipotle reported quarterly revenue of $3.35 billion, up 9.3% year over year, and earnings of $0.33 per share, slightly exceeding analyst expectations.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $44.16, despite the stock trading near $33.36.

Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 133,460 shares of the restaurant operator's stock, valued at approximately $4,538,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator's stock worth $5,349,764,000 after acquiring an additional 18,660,882 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $4,417,475,000. Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator's stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Chipotle Mexican Grill by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator's stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Chipotle Mexican Grill by 17.7% in the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator's stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $33.36 on Wednesday. The company's fifty day moving average price is $33.55 and its 200-day moving average price is $34.03. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $43.99. The firm has a market capitalization of $42.22 billion, a P/E ratio of 30.61, a PEG ratio of 2.13 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 29th. 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 11.43% and a return on equity of 54.65%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Argus boosted their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Stephens reiterated a "positive" rating and set a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Mizuho boosted their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, July 13th. TD Cowen reissued a "buy" rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Barclays reduced their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.16.

About Chipotle Mexican Grill

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.

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