Fjarde AP Fonden Fourth Swedish National Pension Fund Has $15.49 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Chipotle Mexican Grill by 6.9% in Q1, holding approximately $15.49 million worth of shares.
• Analysts have mixed sentiments about Chipotle's stock, with 19 buy ratings, 8 hold ratings, and 1 strong buy rating, while the current consensus price target is $60.22.
• Chipotle recently reported a 3% year-over-year revenue growth for the quarter, with earnings per share slightly beating estimates at $0.33.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 308,450 shares of the restaurant operator's stock after buying an additional 19,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Chipotle Mexican Grill were worth $15,487,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its stake in 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 buying an additional 214 shares during the period. Csenge Advisory Group grew its position in shares of Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares during the last quarter. Money Concepts Capital Corp grew its position in shares of Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after buying an additional 221 shares during the last quarter. Northwest Bank & Trust Co grew its position in Chipotle Mexican Grill by 0.5% during the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after purchasing an additional 236 shares during the last quarter. Finally, Covestor Ltd grew its position in Chipotle Mexican Grill by 5.3% during the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after purchasing an additional 242 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $53.00 to $50.00 in a report on Tuesday. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $56.00 to $65.00 in a report on Friday, July 18th. JPMorgan Chase & Co. decreased their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Finally, Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.87 during trading hours on Friday, reaching $44.04. 19,039,548 shares of the company's stock traded hands, compared to its average volume of 23,392,978. Chipotle Mexican Grill, Inc. has a fifty-two week low of $41.18 and a fifty-two week high of $66.74. The firm has a market capitalization of $59.05 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.19 and a beta of 1.05. The firm's 50 day moving average is $50.37 and its 200-day moving average is $51.15.

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

Insider Buying and Selling at Chipotle Mexican Grill

In related 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 value of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

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.