Avanza Fonder AB Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Avanza Fonder AB decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 83,308 shares of the restaurant operator’s stock after selling 9,324 shares during the period. Avanza Fonder AB’s holdings in Chipotle Mexican Grill were worth $4,334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $315,220,000. Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after buying an additional 21,864 shares during the period. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $715,000. ING Groep NV grew its holdings in Chipotle Mexican Grill by 203.4% in the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock valued at $31,605,000 after buying an additional 351,382 shares during the period. Finally, K.J. Harrison & Partners Inc grew its holdings in shares of Chipotle Mexican Grill by 46.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator’s stock worth $3,009,000 after purchasing an additional 16,000 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0%

Shares of CMG opened at $50.61 on Wednesday. The business’s 50 day moving average is $50.12 and its two-hundred day moving average is $54.51. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm has a market cap of $68.19 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company posted $13.37 EPS. Chipotle Mexican Grill’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research reports. Argus cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Citigroup decreased their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Evercore ISI decreased their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.37.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

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.