Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Lifted by Pictet North America Advisors SA

Pictet North America Advisors SA lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,000 shares of the restaurant operator’s stock after acquiring an additional 25,480 shares during the quarter. Pictet North America Advisors SA’s holdings in Chipotle Mexican Grill were worth $1,629,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steph & Co. bought a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $29,000. Semmax Financial Advisors Inc. increased its holdings in Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $44,000. ICA Group Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. Finally, Westside Investment Management Inc. bought a new position in Chipotle Mexican Grill during the first quarter worth about $58,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.5 %

NYSE CMG traded up $0.26 during trading hours on Friday, reaching $53.71. 9,928,362 shares of the company’s stock were exchanged, compared to its average volume of 15,141,147. The stock has a market cap of $73.76 billion, a PE ratio of 57.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The firm has a fifty day moving average of $121.44 and a 200-day moving average of $80.63.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $12.65 EPS. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Oppenheimer dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. BMO Capital Markets lowered their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Finally, Robert W. Baird dropped their target price on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.36.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company’s stock.

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.