25,500 Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 19.1% in the 3rd quarter, Holdings Channel reports. The firm owned 158,960 shares of the restaurant operator’s stock after purchasing an additional 25,500 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Chipotle Mexican Grill were worth $5,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ANB Bank boosted its stake in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock valued at $202,000 after purchasing an additional 349 shares in the last quarter. State of Wyoming raised its stake in Chipotle Mexican Grill by 10.9% in the first quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after buying an additional 368 shares in the last quarter. Covestor Ltd raised its stake in Chipotle Mexican Grill by 20.1% in the third quarter. Covestor Ltd now owns 2,690 shares of the restaurant operator’s stock worth $86,000 after buying an additional 451 shares in the last quarter. Compass Financial Management LLC raised its stake in Chipotle Mexican Grill by 78.9% in the third quarter. Compass Financial Management LLC now owns 1,184 shares of the restaurant operator’s stock worth $38,000 after buying an additional 522 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Chipotle Mexican Grill by 18.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,408 shares of the restaurant operator’s stock worth $116,000 after buying an additional 540 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

More Chipotle Mexican Grill News

These are some of the CMG news items that stood out recently:

Analysts Set New Price Targets

CMG has been the topic of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, October 29th. DA Davidson reissued a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, October 29th. JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, October 9th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 29th. Twenty-six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.44.

View Our Latest Stock Analysis on Chipotle Mexican Grill

Insider Transactions at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 0.3%

Chipotle Mexican Grill stock traded up $0.10 during mid-day trading on Friday, hitting $35.27. The company had a trading volume of 11,955,091 shares, compared to its average volume of 21,316,396. The stock’s 50 day moving average price is $32.53 and its two-hundred day moving average price is $33.87. Chipotle Mexican Grill, Inc. has a 12 month low of $27.31 and a 12 month high of $41.42. The company has a market capitalization of $44.61 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the business earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.10 EPS for the current year.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company that serves Mexican-inspired food, including burritos, bowls, tacos and salads. Customers can customize meals with ingredients such as rice, beans, meats, vegetables, salsas and guacamole. Founded by Steve Ells in Denver, Colorado, in 1993, Chipotle built its business around preparing food in restaurant kitchens and emphasizing ingredients it describes as responsibly sourced. The company primarily operates its own restaurants, rather than relying on a franchise model.

See Also

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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