Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 383,380 shares of the restaurant operator's stock after purchasing an additional 8,184 shares during the period. Handelsbanken Fonder AB's holdings in Chipotle Mexican Grill were worth $19,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Chipotle Mexican Grill by 312.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after buying an additional 625 shares during the period. Global Financial Private Client LLC lifted its holdings in Chipotle Mexican Grill by 136.2% during the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock worth $44,000 after buying an additional 500 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $45,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CMG shares. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. UBS Group lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, KeyCorp cut their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $61.37.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.68 during trading hours on Friday, hitting $50.21. The company's stock had a trading volume of 4,651,178 shares, compared to its average volume of 12,798,498. The company has a market capitalization of $67.65 billion, a PE ratio of 45.22, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The business's 50-day moving average is $50.29 and its two-hundred day moving average is $54.42.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter last year, the business earned $13.37 earnings per share. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 completion of the sale, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

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.