Nordea Investment Management AB lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,805 shares of the restaurant operator’s stock after purchasing an additional 63 shares during the quarter. Nordea Investment Management AB’s holdings in Chipotle Mexican Grill were worth $3,831,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Chipotle Mexican Grill by 0.5% in the 1st quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator’s stock valued at $1,781,678,000 after buying an additional 5,358 shares during the period. Geode Capital Management LLC increased its stake in Chipotle Mexican Grill by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock worth $963,779,000 after purchasing an additional 9,520 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Chipotle Mexican Grill by 0.9% in the fourth quarter. American Century Companies Inc. now owns 480,237 shares of the restaurant operator’s stock valued at $666,324,000 after purchasing an additional 4,363 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Chipotle Mexican Grill by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 402,002 shares of the restaurant operator’s stock valued at $557,774,000 after purchasing an additional 30,788 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Chipotle Mexican Grill by 65.8% in the fourth quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock valued at $521,332,000 after purchasing an additional 149,115 shares in the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.
Chipotle Mexican Grill Stock Performance
Shares of Chipotle Mexican Grill stock opened at $1,866.01 on Friday. The firm has a 50-day moving average of $1,944.09 and a 200-day moving average of $1,919.39. The stock has a market cap of $51.48 billion, a PE ratio of 46.60, a PEG ratio of 1.65 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 52-week low of $1,344.05 and a 52-week high of $2,175.01.
Insider Buying and Selling
In related news, CEO Brian R. Niccol sold 1,063 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $1,949.84, for a total transaction of $2,072,679.92. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,522,914.48. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Brian R. Niccol sold 1,058 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at $45,016,751.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,063 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,949.84, for a total value of $2,072,679.92. Following the completion of the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at $45,522,914.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,207 shares of company stock worth $6,434,541. Corporate insiders own 0.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CMG. StockNews.com began coverage on Chipotle Mexican Grill in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Oppenheimer reduced their target price on shares of Chipotle Mexican Grill from $2,350.00 to $2,300.00 in a report on Thursday, July 27th. Royal Bank of Canada reduced their target price on shares of Chipotle Mexican Grill from $2,300.00 to $2,250.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $2,300.00 to $2,200.00 and set an “overweight” rating for the company in a report on Thursday, July 27th. Finally, Truist Financial increased their target price on shares of Chipotle Mexican Grill from $2,230.00 to $2,280.00 in a report on Wednesday. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $2,153.78.
View Our Latest Stock Report on CMG
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.
Featured Stories
- Five stocks we like better than Chipotle Mexican Grill
- Stock Sentiment Analysis: How it Works
- 3 Compelling Reasons to Start Buying Undervalued Amazon
- Market Cap Calculator: How to Calculate Market Cap
- Analysts Recommend These Mining Stocks Before Metal Prices Rally
- How to Invest in Communication Stocks
- An Improved FedEx Can Deliver A New High: This Is Why
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.
