Norges Bank Reduces $619M in Chipotle Mexican Grill, Inc. ($CMG)
Key Points
- Norges Bank changed its Chipotle Mexican Grill, Inc. ($CMG) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $CMG is Buy and an average price target of $42.88.
- $CMG last traded around $32.19.
Norges Bank reduced its position in Chipotle Mexican Grill, Inc. ($CMG), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Chipotle Mexican Grill, Inc. after selling 19,238,829 shares during the quarter.
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About Chipotle Mexican Grill, Inc.
Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages, such as burritos, burrito bowls, quesadillas, tacos, and salads, as well as kids's meals, chips, and sides. It offers Mexican-inspired meals using responsibly sourced meats, such as chicken, beef, and pork branded as Responsibly Raised. The company also provides digital ordering through its website, mobile app, and third-party delivery platforms. It has operations in the United States, Canada, France, Germany, and the United Kingdom. Chipotle Mexican Grill, Inc. was founded in 1993 and is headquartered in Newport Beach, California.
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