Swedbank AB Sells 6,913 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Swedbank AB cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 847,442 shares of the restaurant operator's stock after selling 6,913 shares during the period. Swedbank AB owned about 0.06% of Chipotle Mexican Grill worth $51,101,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. NewEdge Advisors LLC grew its position in Chipotle Mexican Grill by 5,877.5% in the second quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator's stock valued at $2,547,000 after acquiring an additional 39,967 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Chipotle Mexican Grill by 4,407.4% during the second quarter. Sunbelt Securities Inc. now owns 9,150 shares of the restaurant operator's stock worth $573,000 after buying an additional 8,947 shares in the last quarter. Quarry LP bought a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $37,000. Regal Investment Advisors LLC increased its position in shares of Chipotle Mexican Grill by 8,849.3% during the second quarter. Regal Investment Advisors LLC now owns 12,350 shares of the restaurant operator's stock worth $774,000 after buying an additional 12,212 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in Chipotle Mexican Grill by 6,780.3% during the second quarter. EP Wealth Advisors LLC now owns 44,447 shares of the restaurant operator's stock worth $2,785,000 after buying an additional 43,801 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 of the company's stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Up 0.8 %

Shares of CMG traded up $0.50 on Thursday, reaching $58.77. 2,634,919 shares of the company's stock traded hands, compared to its average volume of 9,161,357. The stock's 50 day simple moving average is $60.59 and its two-hundred day simple moving average is $57.73. The stock has a market cap of $80.07 billion, a PE ratio of 54.74, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the subject of several research analyst reports. Raymond James lowered their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday. Wells Fargo & Company boosted their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Barclays raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Loop Capital boosted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Finally, Oppenheimer raised their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.88.

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.