Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 178,750 Shares of Chipotle Mexican Grill, Inc. $CMG

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 658,200 shares of the restaurant operator’s stock after acquiring an additional 178,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Chipotle Mexican Grill were worth $21,069,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMG. Capital World Investors increased its position in shares of Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Norges Bank bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $711,837,000. Vanguard Group Inc. grew its position in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the period. Capital International Investors increased its holdings in Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Chipotle Mexican Grill by 206.4% during the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after buying an additional 9,473,120 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Stephens raised their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Piper Sandler lowered their target price on 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. Finally, Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $45.10.

Chipotle Mexican Grill Price Performance

CMG stock opened at $35.37 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $57.25. The stock has a market cap of $45.37 billion, a PE ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 0.97. The firm has a 50 day simple moving average of $32.28 and a two-hundred day simple moving average of $35.08.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

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.