Zurcher Kantonalbank Zurich Cantonalbank Reduces Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,723 shares of the restaurant operator’s stock after selling 94,284 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chipotle Mexican Grill were worth $32,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $692,701,000. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Thrivent Financial for Lutherans boosted its position in shares of Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after buying an additional 1,848,625 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Chipotle Mexican Grill by 123.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after buying an additional 1,364,635 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Chipotle Mexican Grill by 224.2% during the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after buying an additional 1,173,207 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CMG shares. Raymond James dropped their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Wedbush dropped their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of NYSE:CMG opened at $49.86 on Tuesday. The firm has a 50 day moving average of $56.26 and a 200 day moving average of $58.09. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.