Andra AP fonden Increases Stake in Chipotle Mexican Grill, Inc. $CMG

Andra AP fonden raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 506.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,200 shares of the restaurant operator’s stock after buying an additional 62,800 shares during the period. Andra AP fonden’s holdings in Chipotle Mexican Grill were worth $4,222,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMG. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the period. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after buying an additional 425,648 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after buying an additional 833,760 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CMG shares. BTIG Research reduced their target price on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Melius assumed coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 target price on the stock. Finally, Barclays cut their price target on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $30.56 on Friday. The company has a market capitalization of $40.98 billion, a P/E ratio of 27.05, a PEG ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a fifty-two week low of $30.02 and a fifty-two week high of $66.74. The stock has a 50-day simple moving average of $39.24 and a 200-day simple moving average of $46.09.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.