Union Bancaire Privee UBP SA Takes $32.74 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Union Bancaire Privee UBP SA bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 556,462 shares of the restaurant operator’s stock, valued at approximately $32,742,000.

Other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its position in shares of Chipotle Mexican Grill by 8,266.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after acquiring an additional 50,341 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $106,000. APG Asset Management N.V. lifted its holdings in Chipotle Mexican Grill by 10,215.0% during the 2nd quarter. APG Asset Management N.V. now owns 346,997 shares of the restaurant operator’s stock valued at $20,284,000 after purchasing an additional 343,633 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at about $251,000. Finally, The Manufacturers Life Insurance Company boosted its position in Chipotle Mexican Grill by 4,943.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,002 shares of the restaurant operator’s stock valued at $82,134,000 after buying an additional 1,285,006 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler lifted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays lifted their price target on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.6 %

CMG opened at $56.61 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $46.15 and a 12-month high of $69.26. The business has a 50 day moving average of $60.64 and a 200-day moving average of $57.72. The stock has a market cap of $77.14 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 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.