Danica Pension Livsforsikringsaktieselskab Buys New Stake in Chipotle Mexican Grill, Inc. $CMG

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 133,460 shares of the restaurant operator’s stock, valued at approximately $4,538,000.

A number of other large investors have also modified their holdings of CMG. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $25,000. MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $27,000. Osbon Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.2%

CMG stock opened at $33.36 on Wednesday. The business has a 50 day moving average price of $33.55 and a 200 day moving average price of $34.03. The stock has a market cap of $42.22 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $43.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $44.16.

About Chipotle Mexican Grill

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.