Groupe la Francaise Has $792,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

Groupe la Francaise lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 93.8% in the second quarter, HoldingsChannel reports. The fund owned 14,170 shares of the restaurant operator’s stock after selling 215,453 shares during the period. Groupe la Francaise’s holdings in Chipotle Mexican Grill were worth $792,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the 1st quarter worth about $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $29,000. Finally, Activest Wealth Management lifted its holdings in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday. Jefferies Financial Group decreased their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Royal Bank Of Canada dropped their price objective on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Barclays reduced their target price on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Trading Up 0.2%

CMG stock opened at $34.01 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74. The firm has a market cap of $44.97 billion, a PE ratio of 30.10, a P/E/G ratio of 3.46 and a beta of 0.99. The business’s 50-day moving average price is $36.31 and its two-hundred day moving average price is $43.65.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.