Chipotle Mexican Grill, Inc. $CMG Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,320 shares of the restaurant operator’s stock after selling 835 shares during the period. Brookstone Capital Management’s holdings in Chipotle Mexican Grill were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $27,000. 1248 Management LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $29,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMG has been the topic of several recent analyst reports. Citigroup cut their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group cut their price target on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Finally, Barclays lowered their target price on shares of Chipotle Mexican Grill from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.69.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $41.18 on Monday. The company has a 50-day simple moving average of $40.98 and a 200-day simple moving average of $47.10. The firm has a market capitalization of $55.22 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.50 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74.

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.