Lansforsakringar Fondforvaltning AB publ Has $22.25 Million Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Lansforsakringar Fondforvaltning AB reduced its holdings in Chipotle Mexican Grill by 2.6%, now owning 443,100 shares valued at approximately $22.25 million.
• Insider Roger E. Theodoredis sold 113,875 shares for about $5.66 million, resulting in a 50.91% decrease in ownership.
• Chipotle's quarterly earnings beat analyst estimates with a reported EPS of $0.33, although revenue fell short of expectations at $3.06 billion.

Lansforsakringar Fondforvaltning AB publ lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,100 shares of the restaurant operator's stock after selling 11,694 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Chipotle Mexican Grill were worth $22,248,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after purchasing an additional 425,648 shares in the last quarter. Nuveen LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $535,023,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Chipotle Mexican Grill by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after purchasing an additional 2,006,338 shares during the period. Institutional investors and hedge funds own 91.30% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's 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 owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

CMG has been the subject of several analyst reports. Citigroup cut their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Melius started coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Finally, Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.22.

Chipotle Mexican Grill Trading Down 0.6%

NYSE:CMG opened at $42.39 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $41.18 and a 1-year high of $66.74. The firm has a market capitalization of $56.84 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.17 and a beta of 1.05. The business's 50-day moving average price is $48.86 and its two-hundred day moving average price is $50.21.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating 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 return on equity of 43.50% and a net margin of 13.32%.Chipotle Mexican Grill's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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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