Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 0.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,401 shares of the restaurant operator’s stock after selling 50 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Chipotle Mexican Grill were worth $9,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CMG. Panagora Asset Management Inc. lifted its position in shares of Chipotle Mexican Grill by 79.5% during the 1st quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock valued at $1,500,000 after acquiring an additional 420 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Chipotle Mexican Grill by 15.5% during the 1st quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 23 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Chipotle Mexican Grill by 7.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock valued at $4,796,000 after acquiring an additional 205 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Chipotle Mexican Grill by 6.1% during the 1st quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock valued at $1,229,000 after acquiring an additional 45 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 38.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock valued at $345,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $2,638.35 on Monday. The company has a market capitalization of $72.34 billion, a price-to-earnings ratio of 59.49, a PEG ratio of 2.27 and a beta of 1.29. Chipotle Mexican Grill, Inc. has a one year low of $1,470.05 and a one year high of $2,725.83. The company’s fifty day moving average price is $2,326.47 and its two-hundred day moving average price is $2,080.22.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $8.29 earnings per share. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 53.1 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,093 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $2,199.81, for a total transaction of $2,404,392.33. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at $51,358,964.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roger E. Theodoredis sold 898 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the sale, the insider now owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. Insiders have sold 5,087 shares of company stock valued at $12,055,688 over the last three months. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CMG shares. Deutsche Bank Aktiengesellschaft initiated coverage on Chipotle Mexican Grill in a research report on Thursday, October 19th. They set a “buy” rating and a $2,375.00 price objective for the company. Barclays increased their target price on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Raymond James increased their target price on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Stephens increased their target price on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, Wedbush restated a “neutral” rating and issued a $2,400.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,469.88.

Check Out Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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