Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ sold 47,068 shares of Chipotle Mexican Grill, reducing its stake by 13.7% to 296,004 shares, valued at approximately $14.86 million.
• Chipotle's stock has had a 2.2% increase, currently priced at $46.75, with a market capitalization of $62.98 billion and a 52-week trading range between $44.46 and $66.74.
• Chipotle's recent earnings report showed an EPS of $0.33, slightly beating analysts' expectations, with a 3.0% year-over-year revenue increase to $3.06 billion.

Skandinaviska Enskilda Banken AB publ reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 296,004 shares of the restaurant operator's stock after selling 47,068 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Chipotle Mexican Grill were worth $14,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC grew its stake in shares of 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 valued at $290,000 after buying an additional 214 shares during the period. Csenge Advisory Group boosted its position in Chipotle Mexican Grill by 5.0% during the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after purchasing an additional 220 shares during the period. Money Concepts Capital Corp boosted its position in Chipotle Mexican Grill by 3.0% during the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after purchasing an additional 221 shares during the period. Northwest Bank & Trust Co boosted 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 period. Finally, Linden Thomas Advisory Services LLC boosted its position in Chipotle Mexican Grill by 2.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock worth $488,000 after purchasing an additional 243 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

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 dated 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 transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $0.23 during trading on Wednesday, reaching $44.15. 11,165,687 shares of the company's stock traded hands, compared to its average volume of 13,673,525. Chipotle Mexican Grill, Inc. has a 12 month low of $43.75 and a 12 month high of $66.74. The company has a 50 day moving average of $52.46 and a 200-day moving average of $52.41. The stock has a market capitalization of $59.48 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.28 and a beta of 1.08.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CMG shares. Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, July 25th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $60.00 price target (down from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Finally, TD Cowen cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $60.71.

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.