Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 658,200 shares of the restaurant operator’s stock after acquiring an additional 178,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.05% of Chipotle Mexican Grill worth $21,069,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $1,022,000. Seamount Financial Group Inc. grew its holdings in Chipotle Mexican Grill by 6.3% in the 1st quarter. Seamount Financial Group Inc. now owns 9,400 shares of the restaurant operator’s stock worth $301,000 after buying an additional 559 shares in the last quarter. Heritage Investors Management Corp raised its stake in shares of Chipotle Mexican Grill by 1.8% during the first quarter. Heritage Investors Management Corp now owns 538,495 shares of the restaurant operator’s stock valued at $17,237,000 after purchasing an additional 9,410 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 23.5% in the 1st quarter. Root Financial Partners LLC now owns 3,273 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 622 shares during the period. Finally, Whelan Financial boosted its position in shares of Chipotle Mexican Grill by 10.6% during the 1st quarter. Whelan Financial now owns 19,413 shares of the restaurant operator’s stock valued at $621,000 after purchasing an additional 1,853 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMG. Piper Sandler decreased their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. TD Cowen reiterated a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Stephens lifted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.10.

Chipotle Mexican Grill Stock Down 0.1%

NYSE CMG opened at $35.37 on Friday. The business’s fifty day moving average is $32.28 and its 200 day moving average is $35.08. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $57.25. The company has a market cap of $45.37 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal 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.