Nordea Investment Management AB Has $128.17 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Nordea Investment Management AB reduced its stake in Chipotle Mexican Grill by 11.1% during Q2, now owning approximately 2.29 million shares valued at $128.17 million.
• Chipotle's stock has a market cap of $56.22 billion and a PE ratio of 37.43, with a recent trading range between $38.30 and $66.74 over the past year.
• Research analysts view Chipotle as a "Moderate Buy" with a consensus target price of $57.55, with some firms rating the stock as high as "Strong Buy".

Nordea Investment Management AB trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,290,764 shares of the restaurant operator's stock after selling 284,633 shares during the period. Nordea Investment Management AB owned approximately 0.17% of Chipotle Mexican Grill worth $128,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. S Bank Fund Management Ltd raised its position in Chipotle Mexican Grill by 16.2% during the second quarter. S Bank Fund Management Ltd now owns 10,199 shares of the restaurant operator's stock valued at $573,000 after buying an additional 1,424 shares during the period. Activest Wealth Management raised its position in Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator's stock valued at $29,000 after buying an additional 270 shares during the period. Mutual Advisors LLC increased its position in Chipotle Mexican Grill by 2.8% in the 2nd quarter. Mutual Advisors LLC now owns 21,744 shares of the restaurant operator's stock worth $1,221,000 after purchasing an additional 602 shares during the last quarter. Generali Asset Management SPA SGR increased its position in Chipotle Mexican Grill by 104.1% in the 2nd quarter. Generali Asset Management SPA SGR now owns 90,777 shares of the restaurant operator's stock worth $5,097,000 after purchasing an additional 46,293 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Chipotle Mexican Grill by 13.3% in the 2nd quarter. Ritholtz Wealth Management now owns 11,254 shares of the restaurant operator's stock worth $632,000 after purchasing an additional 1,320 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research reports. Citigroup dropped their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Melius initiated coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Stephens reaffirmed an "equal weight" rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Finally, Evercore ISI dropped their target price on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.55.

Chipotle Mexican Grill Stock Performance

CMG opened at $41.93 on Friday. The company has a market cap of $56.22 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.52 and a beta of 0.99. The stock has a 50-day moving average of $41.11 and a 200-day moving average of $47.35. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74.

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

About Chipotle Mexican Grill

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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