Nordea Investment Management AB Acquires 42,823 Shares of Chipotle Mexican Grill, Inc. $CMG

Nordea Investment Management AB grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,333,587 shares of the restaurant operator’s stock after acquiring an additional 42,823 shares during the period. Nordea Investment Management AB owned 0.17% of Chipotle Mexican Grill worth $91,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CMG. Operose Advisors LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $25,000. Salomon & Ludwin LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at $26,000. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Chipotle Mexican Grill in the second quarter worth about $29,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 2.8%

CMG opened at $40.51 on Thursday. The stock has a market cap of $53.57 billion, a P/E ratio of 35.85, a P/E/G ratio of 3.68 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.57. The company has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $40.65.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMG shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Northcoast Research lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research report on Friday, October 31st. Finally, UBS Group set a $45.00 price objective on Chipotle Mexican Grill in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.