Forsta AP Fonden Has $22.96 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Forsta AP Fonden trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380,800 shares of the restaurant operator’s stock after selling 1,500 shares during the period. Forsta AP Fonden’s holdings in Chipotle Mexican Grill were worth $22,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. ZRC Wealth Management LLC raised its position in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC raised its holdings in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill during the third quarter worth $33,000. Finally, Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at $35,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Evercore ISI lifted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Robert W. Baird upped their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.76 on Wednesday. The firm has a 50 day simple moving average of $60.61 and a two-hundred day simple moving average of $57.72. Chipotle Mexican Grill, Inc. has a one year low of $46.29 and a one year high of $69.26. The company has a market cap of $78.70 billion, a P/E ratio of 53.76, a P/E/G ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.