Foundations Investment Advisors LLC Sells 3,888 Shares of Chipotle Mexican Grill, Inc. $CMG

Foundations Investment Advisors LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,422 shares of the restaurant operator’s stock after selling 3,888 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 4.7% in the 4th 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 period. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $224,000. J.W. Cole Advisors Inc. grew its holdings in Chipotle Mexican Grill by 23.3% during the first quarter. J.W. Cole Advisors Inc. now owns 21,000 shares of the restaurant operator’s stock worth $1,054,000 after purchasing an additional 3,971 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Chipotle Mexican Grill by 201.5% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 39,819 shares of the restaurant operator’s stock worth $1,999,000 after purchasing an additional 26,613 shares during the period. Finally, Wedbush Securities Inc. increased its position in Chipotle Mexican Grill by 22.7% during the first quarter. Wedbush Securities Inc. now owns 49,510 shares of the restaurant operator’s stock worth $2,486,000 after buying an additional 9,147 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $40.00 price objective (down from $60.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. BTIG Research cut their price target on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $40.00 price objective (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Down 2.1%

Shares of NYSE:CMG opened at $30.36 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $66.74. The company’s 50 day moving average price is $37.49 and its two-hundred day moving average price is $44.88. The firm has a market cap of $40.14 billion, a PE ratio of 26.87, a PEG ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.