SEB Asset Management AB Invests $8.40 Million in Chipotle Mexican Grill, Inc. $CMG

SEB Asset Management AB bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 262,416 shares of the restaurant operator’s stock, valued at approximately $8,400,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Swiss National Bank raised its position in Chipotle Mexican Grill by 5.7% in the first quarter. Swiss National Bank now owns 3,880,500 shares of the restaurant operator’s stock worth $124,215,000 after purchasing an additional 208,200 shares in the last quarter. ANB Bank boosted its holdings in Chipotle Mexican Grill by 5.8% during the first 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. Kera Capital Partners Inc. boosted its holdings in Chipotle Mexican Grill by 13.4% during the first quarter. Kera Capital Partners Inc. now owns 249,227 shares of the restaurant operator’s stock valued at $7,978,000 after purchasing an additional 29,419 shares in the last quarter. Townsend Asset Management Corp NC ADV grew its stake in shares of Chipotle Mexican Grill by 41.8% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 20,110 shares of the restaurant operator’s stock valued at $644,000 after purchasing an additional 5,925 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Chipotle Mexican Grill by 63.2% in the 1st quarter. Assetmark Inc. now owns 558,547 shares of the restaurant operator’s stock valued at $17,879,000 after purchasing an additional 216,277 shares during the period. Institutional investors own 91.30% of the company’s stock.

Trending Headlines about Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

Chipotle Mexican Grill Trading Up 0.6%

NYSE:CMG opened at $33.33 on Wednesday. The stock has a market capitalization of $42.75 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $53.03. The firm has a 50 day moving average of $32.63 and a 200-day moving average of $34.84.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm posted $0.29 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on CMG. Royal Bank Of Canada restated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Guggenheim dropped their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Get Our Latest Stock Report on CMG

About Chipotle Mexican Grill

(Free Report)

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.

Featured Stories

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:CMGFree Report).

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.