Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,073.0% during the second quarter, HoldingsChannel reports. The firm owned 290,000 shares of the restaurant operator’s stock after acquiring an additional 284,394 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Chipotle Mexican Grill were worth $18,169,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CMG. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after acquiring an additional 19,759,754 shares during the period. Massachusetts Financial Services Co. MA increased its position in Chipotle Mexican Grill by 5,930.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after buying an additional 10,139,174 shares during the period. Bank of New York Mellon Corp increased its position in Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after buying an additional 8,186,198 shares during the period. William Blair Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 4,565.8% during the second quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock valued at $318,185,000 after purchasing an additional 4,969,916 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Chipotle Mexican Grill by 5,583.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock valued at $315,966,000 after purchasing an additional 4,954,696 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Insiders have sold a total of 34,934 shares of company stock valued at $1,918,589 over the last 90 days. 1.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

CMG has been the topic of a number of research reports. KeyCorp lowered their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group decreased their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Finally, Wedbush restated an “outperform” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Trading Down 1.3 %

Shares of CMG opened at $57.23 on Friday. The stock has a market cap of $78.60 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The stock’s 50-day moving average price is $54.26 and its two-hundred day moving average price is $80.84. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $12.65 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS 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.