Nykredit A S Takes Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Nykredit A/S acquired 520,391 Chipotle shares during the second quarter, valued at approximately $17.7 million. Institutional investors and hedge funds collectively own 91.3% of CMG’s outstanding stock.
• Analyst sentiment remains favorable, with 23 Buy ratings and 10 Holds; Chipotle has a consensus rating of “Moderate Buy” and an average price target of $43.84.
• Chipotle’s latest quarterly results slightly exceeded expectations, with earnings of $0.33 per share and revenue of $3.35 billion, up 9.3% year over year. Shares opened at $33.40, below the $42.81 one-year high.

Nykredit A S acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 520,391 shares of the restaurant operator's stock, valued at approximately $17,693,000.

Several other institutional investors have also bought and sold shares of CMG. BlackRock Inc. acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $4,417,475,000. Capital World Investors lifted its stake in shares of Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator's stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the period. Capital International Investors boosted its holdings in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator's stock valued at $1,675,895,000 after acquiring an additional 6,796,285 shares in the last quarter. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Chipotle Mexican Grill by 19.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator's stock worth $527,469,000 after purchasing an additional 2,727,762 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CMG. DA Davidson increased their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.50 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Argus lifted their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Stephens reaffirmed a "positive" rating and set a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.84.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company's stock, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $33.40 on Friday. The stock has a market capitalization of $42.26 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 2.05 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $42.81. The company has a 50 day moving average price of $35.12 and a 200 day moving average price of $33.82.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.15 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children's meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.

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