Forsta AP Fonden Sells 69,700 Shares of Chipotle Mexican Grill, Inc. $CMG

Forsta AP Fonden decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,900 shares of the restaurant operator’s stock after selling 69,700 shares during the period. Forsta AP Fonden’s holdings in Chipotle Mexican Grill were worth $15,436,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $28,000. Activest Wealth Management lifted its position in shares of Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 270 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Chipotle Mexican Grill in the second quarter worth $29,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at $27,000. Finally, Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the subject of a number of recent analyst reports. Stephens reduced their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Guggenheim reduced their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $45.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, Wells Fargo & Company reduced their price target on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $31.30 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.74. The company has a fifty day moving average of $38.56 and a 200-day moving average of $45.67. The company has a market capitalization of $41.39 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.