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

Andra AP fonden increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 117.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 115,800 shares of the restaurant operator’s stock after acquiring an additional 62,500 shares during the period. Andra AP fonden’s holdings in Chipotle Mexican Grill were worth $3,707,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. Capital World Investors lifted its holdings in shares of Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after acquiring an additional 9,237,720 shares during the last quarter. Capital International Investors boosted its position in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the last quarter. Finally, Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CMG. BNP Paribas Exane upped their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Citigroup cut their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Mizuho increased their target price on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $43.86.

Chipotle Mexican Grill Stock Down 3.1%

CMG opened at $32.28 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $53.03. The company has a 50 day moving average of $32.64 and a two-hundred day moving average of $34.80. The company has a market cap of $41.40 billion, a P/E ratio of 29.61, a P/E/G ratio of 2.18 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

About Chipotle Mexican Grill

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.