Swedbank AB Sells 152,272 Shares of Chipotle Mexican Grill, Inc. $CMG

Swedbank AB reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 695,170 shares of the restaurant operator’s stock after selling 152,272 shares during the quarter. Swedbank AB owned about 0.05% of Chipotle Mexican Grill worth $34,904,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in 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 purchasing an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Chipotle Mexican Grill by 7.6% in the first 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. raised its stake in Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares in the last quarter. American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 2.1% in the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after purchasing an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Chipotle Mexican Grill by 8.1% in 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 valued at $557,904,000 after purchasing an additional 833,760 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. Barclays decreased their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. BTIG Research reissued a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Finally, TD Cowen decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.76.

Chipotle Mexican Grill Stock Down 0.8%

Shares of NYSE CMG opened at $38.65 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The firm’s fifty day moving average is $45.54 and its 200 day moving average is $49.10. The company has a market cap of $51.83 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.98 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities 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.