BI Asset Management Fondsmaeglerselskab A S Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

BI Asset Management Fondsmaeglerselskab A S decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 38.8% during the first quarter, Holdings Channel reports. The firm owned 60,674 shares of the restaurant operator’s stock after selling 38,541 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Chipotle Mexican Grill were worth $1,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMG. Citigroup increased their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, Stephens upped their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Twenty-three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.10.

Chipotle Mexican Grill Trading Up 1.6%

NYSE:CMG opened at $31.02 on Wednesday. The firm has a market cap of $39.79 billion, a P/E ratio of 28.46, a PEG ratio of 1.97 and a beta of 0.99. The stock’s 50 day simple moving average is $32.52 and its 200-day simple moving average is $35.11. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business earned $0.29 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.