DNB Asset Management AS Has $14.10 Million Stake in Chipotle Mexican Grill, Inc. $CMG

DNB Asset Management AS increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,132 shares of the restaurant operator’s stock after purchasing an additional 13,480 shares during the quarter. DNB Asset Management AS’s holdings in Chipotle Mexican Grill were worth $14,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. 1248 Management LLC acquired a new stake in Chipotle Mexican Grill in the first quarter worth about $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $29,000. Finally, Activest Wealth Management lifted its position in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of several recent research reports. Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Northcoast Research downgraded Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Robert W. Baird cut their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Truist Financial lowered their price target on Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $31.60 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $66.74. The company’s 50 day moving average price is $37.35 and its two-hundred day moving average price is $44.75. The company has a market capitalization of $41.78 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

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.