Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Position in Chipotle Mexican Grill, Inc. $CMG

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 466,150 shares of the restaurant operator’s stock after purchasing an additional 157,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Chipotle Mexican Grill were worth $26,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $29,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.4%

CMG opened at $41.02 on Tuesday. The firm’s fifty day simple moving average is $40.93 and its two-hundred day simple moving average is $47.03. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The company has a market cap of $55.01 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.50 and a beta of 0.99.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating and set a $56.00 price objective (down previously from $65.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 20th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and raised their price target for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Morgan Stanley cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Jefferies Financial Group decreased their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Finally, Guggenheim dropped their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.69.

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.