Avanza Fonder AB Invests $5.59 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Avanza Fonder AB acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 92,632 shares of the restaurant operator's stock, valued at approximately $5,586,000.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the period. Franklin Resources Inc. raised its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock worth $805,692,000 after acquiring an additional 381,873 shares during the period. Legal & General Group Plc raised its position in shares of Chipotle Mexican Grill by 5,209.5% in the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator's stock worth $685,128,000 after acquiring an additional 10,729,706 shares during the period. Janus Henderson Group PLC raised its position in shares of Chipotle Mexican Grill by 5.6% in the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock worth $566,439,000 after acquiring an additional 518,521 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Chipotle Mexican Grill by 11.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator's stock worth $476,593,000 after acquiring an additional 858,704 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Piper Sandler raised their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Evercore ISI raised their price target 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. Finally, Loop Capital raised their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $66.81.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company's stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Down 1.4 %

Chipotle Mexican Grill stock traded down $0.84 during trading on Friday, hitting $57.52. The company had a trading volume of 9,354,246 shares, compared to its average volume of 6,146,094. Chipotle Mexican Grill, Inc. has a 1-year low of $46.01 and a 1-year high of $69.26. The company's 50 day simple moving average is $60.91 and its 200-day simple moving average is $57.88. The stock has a market cap of $78.38 billion, a price-to-earnings ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm earned $0.23 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.