Swedbank AB Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Swedbank AB trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 847,442 shares of the restaurant operator’s stock after selling 6,913 shares during the period. Swedbank AB’s holdings in Chipotle Mexican Grill were worth $51,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. ZRC Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC lifted its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $33,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $35,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMG. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. TD Cowen upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

Chipotle Mexican Grill Stock Up 0.9 %

Shares of NYSE:CMG opened at $58.34 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.88 and a 52-week high of $69.26. The company has a 50 day moving average of $60.61 and a two-hundred day moving average of $57.72. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

About Chipotle Mexican Grill

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.