Livforsakringsbolaget Skandia Omsesidigt Has $172,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,750 shares of the restaurant operator’s stock after purchasing an additional 2,695 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Chipotle Mexican Grill were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Czech National Bank boosted its position in Chipotle Mexican Grill by 5,325.0% in the second quarter. Czech National Bank now owns 261,700 shares of the restaurant operator’s stock valued at $16,396,000 after buying an additional 256,876 shares in the last quarter. Mechanics Bank Trust Department grew its stake in shares of Chipotle Mexican Grill by 4,824.5% during the second quarter. Mechanics Bank Trust Department now owns 13,050 shares of the restaurant operator’s stock valued at $818,000 after purchasing an additional 12,785 shares during the last quarter. MJP Associates Inc. ADV increased its holdings in shares of Chipotle Mexican Grill by 5,588.0% in the second quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after purchasing an additional 12,573 shares in the last quarter. IAM Advisory LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $902,000. Finally, Capital CS Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $266,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMG. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Argus boosted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Morgan Stanley raised their price target on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded up $0.61 during trading hours on Monday, reaching $56.16. The stock had a trading volume of 3,800,995 shares, compared to its average volume of 14,323,608. The stock has a market capitalization of $77.13 billion, a PE ratio of 59.64, a PEG ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The company’s 50-day moving average is $123.48 and its two-hundred day moving average is $80.52.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company earned $12.65 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.