Forsta AP Fonden Cuts Stake in Chipotle Mexican Grill, Inc. $CMG

Forsta AP Fonden lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,900 shares of the restaurant operator’s stock after selling 69,700 shares during the quarter. Forsta AP Fonden’s holdings in Chipotle Mexican Grill were worth $15,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Ascent Group LLC grew its stake in shares of Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB boosted its holdings in Chipotle Mexican Grill by 0.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after acquiring an additional 194 shares during the period. Occidental Asset Management LLC grew its position in Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 195 shares during the last quarter. Perennial Advisors LLC increased its stake in Chipotle Mexican Grill by 3.1% in the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC lifted its position in Chipotle Mexican Grill by 2.0% in the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after purchasing an additional 208 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $45.00 price target (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. KeyCorp cut their target price on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Northcoast Research lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Trading Up 5.0%

Chipotle Mexican Grill stock opened at $31.30 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $66.74. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The business’s fifty day simple moving average is $38.56 and its two-hundred day simple moving average is $45.67.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.Chipotle Mexican Grill’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.