Swedbank AB Purchases 9,263 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Swedbank AB increased its stake in Chipotle Mexican Grill by 1.3%, acquiring an additional 9,263 shares during the second quarter to reach a total of 704,433 shares.
• Several institutional investors have also recently made changes to their holdings in Chipotle, with 91.30% of the company's stock now owned by institutional investors.
• Chipotle reported a net margin of 13.32% and a return on equity of 43.50% in its latest earnings results, beating the consensus EPS estimate.

Swedbank AB raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 704,433 shares of the restaurant operator's stock after purchasing an additional 9,263 shares during the quarter. Swedbank AB owned approximately 0.05% of Chipotle Mexican Grill worth $39,554,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth 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 last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after buying an additional 279,267 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $224,000. Waverly Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $1,310,000. Finally, Continuum Advisory LLC raised its stake in shares of Chipotle Mexican Grill by 17.4% in the fourth quarter. Continuum Advisory LLC now owns 1,681 shares of the restaurant operator's stock worth $101,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 91.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BTIG Research reaffirmed a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. JPMorgan Chase & Co. dropped their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Stifel Nicolaus dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. Guggenheim dropped their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, Stephens reissued an "equal weight" rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $39.30 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The stock has a market cap of $52.70 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02. The stock has a 50-day moving average of $43.88 and a 200-day moving average of $48.64.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating 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 the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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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