ASR Vermogensbeheer N.V. Sells 759 Shares of Chipotle Mexican Grill, Inc. $CMG

ASR Vermogensbeheer N.V. reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,312 shares of the restaurant operator’s stock after selling 759 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Chipotle Mexican Grill were worth $10,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. E. Ohman J or Asset Management AB boosted its holdings in Chipotle Mexican Grill by 0.3% in the second 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 last quarter. Occidental Asset Management LLC boosted its holdings in Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 195 shares during the last quarter. Perennial Advisors LLC boosted its holdings in Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after acquiring an additional 200 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc boosted its holdings in Chipotle Mexican Grill by 0.6% in the second quarter. Pine Haven Investment Counsel Inc now owns 37,111 shares of the restaurant operator’s stock valued at $2,084,000 after acquiring an additional 215 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 3.3%

Shares of NYSE:CMG opened at $40.25 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The stock’s 50 day moving average is $41.57 and its 200-day moving average is $47.98. The firm has a market capitalization of $53.97 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 1.98 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Truist Financial reduced their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 25th. UBS Group upped their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $59.41.

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.