Nykredit A S Invests $20.21 Million in Chipotle Mexican Grill, Inc. $CMG

Nykredit A S acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 594,551 shares of the restaurant operator’s stock, valued at approximately $20,215,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. MV Capital Management Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth $28,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 1.6%

NYSE CMG opened at $36.96 on Friday. The company has a 50-day moving average price of $34.92 and a 200-day moving average price of $33.95. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.81. The firm has a market capitalization of $46.77 billion, a P/E ratio of 33.91, a PEG ratio of 2.30 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMG. DA Davidson upped their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. TD Cowen reissued a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Morgan Stanley lifted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $42.50 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.84.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.