Nordea Investment Management AB Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nordea Investment Management AB lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 104.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,192 shares of the restaurant operator's stock after buying an additional 14,915 shares during the period. Nordea Investment Management AB owned approximately 0.11% of Chipotle Mexican Grill worth $66,555,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 1.3% in the third quarter. Coldstream Capital Management Inc. now owns 382 shares of the restaurant operator's stock worth $700,000 after acquiring an additional 5 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 0.7% in the 3rd quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator's stock valued at $1,416,000 after purchasing an additional 5 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Chipotle Mexican Grill by 1.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 355 shares of the restaurant operator's stock worth $606,000 after buying an additional 6 shares during the period. Heartland Bank & Trust Co grew its position in Chipotle Mexican Grill by 2.2% in the third quarter. Heartland Bank & Trust Co now owns 279 shares of the restaurant operator's stock valued at $511,000 after acquiring an additional 6 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.5% during the third quarter. Global Retirement Partners LLC now owns 140 shares of the restaurant operator's stock valued at $260,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 91.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMG. Barclays raised their target price on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 16th. Stephens boosted their target price on Chipotle Mexican Grill from $2,800.00 to $3,000.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird restated an "outperform" rating and issued a $2,650.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $2,469.88.

Get Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

NYSE CMG traded up $24.03 during trading hours on Tuesday, reaching $2,797.56. The company's stock had a trading volume of 149,608 shares, compared to its average volume of 212,411. Chipotle Mexican Grill, Inc. has a 52 week low of $1,592.30 and a 52 week high of $2,813.99. The stock has a market cap of $76.71 billion, a P/E ratio of 62.54, a P/E/G ratio of 2.37 and a beta of 1.29. The firm has a fifty day simple moving average of $2,530.51 and a 200-day simple moving average of $2,222.73.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 earnings per share for the quarter, topping the consensus estimate of $9.73 by $0.63. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. Chipotle Mexican Grill's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.29 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 53.11 earnings per share for the current year.

Insider Activity

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 750 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the completion of the transaction, the director now owns 37,271 shares in the company, valued at approximately $97,221,776.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 750 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the transaction, the director now directly owns 37,271 shares in the company, valued at approximately $97,221,776.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,744 shares of company stock valued at $11,607,678. Company insiders own 0.96% of the company's stock.

About Chipotle Mexican Grill

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.

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