Absoluto Partners Gestao de Recursos Ltda Has $265,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

Absoluto Partners Gestao de Recursos Ltda lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 79.9% during the second quarter, Holdings Channel.com reports. The firm owned 4,720 shares of the restaurant operator’s stock after selling 18,787 shares during the period. Chipotle Mexican Grill accounts for about 0.2% of Absoluto Partners Gestao de Recursos Ltda’s portfolio, making the stock its 26th biggest position. Absoluto Partners Gestao de Recursos Ltda’s holdings in Chipotle Mexican Grill were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $1,001,668,000. Sustainable Growth Advisers LP acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $597,031,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Alliancebernstein L.P. grew its position in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. Finally, Marshall Wace LLP grew its position in Chipotle Mexican Grill by 2,705.6% in the 2nd quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock valued at $119,413,000 after purchasing an additional 2,050,882 shares during the period. 91.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Stephens lowered their target price on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley decreased their price objective on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Up 3.6%

Chipotle Mexican Grill stock opened at $36.13 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $66.43. The company’s 50 day moving average price is $35.63 and its two-hundred day moving average price is $42.96. The stock has a market cap of $47.77 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.56 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company 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 45.39% and a net margin of 13.04%.Chipotle Mexican Grill’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.