Handelsbanken Fonder AB Purchases 31,269 Shares of Chipotle Mexican Grill, Inc. $CMG

Handelsbanken Fonder AB increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,649 shares of the restaurant operator’s stock after acquiring an additional 31,269 shares during the period. Handelsbanken Fonder AB’s holdings in Chipotle Mexican Grill were worth $23,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Activest Wealth Management lifted its stake in shares of Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the second quarter valued at about $29,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at about $27,000. Finally, Saudi Central Bank acquired a new stake in Chipotle Mexican Grill in the first quarter worth about $27,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMG. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $45.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Finally, TD Cowen cut their price target on Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Performance

CMG opened at $31.60 on Friday. The firm’s fifty day moving average is $37.35 and its two-hundred day moving average is $44.71. The firm has a market cap of $41.78 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.