Varma Mutual Pension Insurance Co Boosts Holdings in Chipotle Mexican Grill, Inc. $CMG

Varma Mutual Pension Insurance Co increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,902 shares of the restaurant operator’s stock after purchasing an additional 20,900 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Chipotle Mexican Grill were worth $11,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sarasin & Partners LLP raised its position in Chipotle Mexican Grill by 1.1% during the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after buying an additional 27,366 shares during the period. Rexford Capital Inc. grew its stake in Chipotle Mexican Grill by 3,266.1% during the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after acquiring an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA increased its holdings in shares of Chipotle Mexican Grill by 76.3% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after purchasing an additional 154,512 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Chipotle Mexican Grill by 7.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock worth $145,793,000 after purchasing an additional 171,466 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5.1% during the second quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock worth $16,096,000 after purchasing an additional 14,037 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMG shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $48.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Stephens restated an “equal weight” rating and issued a $35.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Northcoast Research cut shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Finally, Sanford C. Bernstein increased their price target on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $36.28 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The firm has a market capitalization of $47.25 billion, a PE ratio of 31.82, a PEG ratio of 2.19 and a beta of 0.99. The business’s 50-day simple moving average is $38.13 and its 200-day simple moving average is $38.50.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.