Chipotle Mexican Grill, Inc. $CMG Shares Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 52.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,008 shares of the restaurant operator’s stock after selling 142,504 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Chipotle Mexican Grill were worth $4,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the last quarter. Centurion Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 260 shares during the last quarter. City State Bank grew its position in shares of Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 275 shares during the last quarter. Groupama Asset Managment grew its position in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after buying an additional 291 shares during the last quarter. Finally, Cromwell Holdings LLC raised its stake in Chipotle Mexican Grill by 7.4% during the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $32.28 on Thursday. The company has a market cap of $41.40 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The company has a fifty day moving average price of $32.64 and a 200 day moving average price of $34.80. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $53.03.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMG. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Mizuho upped their target price on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Twenty-three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Chipotle Mexican Grill 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.