Avanza Fonder AB Trims Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Avanza Fonder AB lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,308 shares of the restaurant operator's stock after selling 9,324 shares during the quarter. Avanza Fonder AB's holdings in Chipotle Mexican Grill were worth $4,334,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMG. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a report on Tuesday. They set a "neutral" rating and a $55.00 target price for the company. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Barclays cut their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $61.37.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $0.65 during mid-day trading on Friday, reaching $50.24. 9,303,828 shares of the company were exchanged, compared to its average volume of 13,401,517. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The stock has a market capitalization of $67.70 billion, a PE ratio of 45.26, a PEG ratio of 2.04 and a beta of 1.06. The business has a 50 day simple moving average of $50.38 and a two-hundred day simple moving average of $54.33.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 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 firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter last year, the firm posted $13.37 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider now owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by 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.