Chipotle Mexican Grill, Inc. $CMG Stock Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 776,327 shares of the restaurant operator’s stock after acquiring an additional 19,000 shares during the period. Bank Pictet & Cie Europe AG owned approximately 0.06% of Chipotle Mexican Grill worth $24,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI increased its position in shares of Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 311 shares in the last quarter. ANB Bank lifted its holdings in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock valued at $202,000 after purchasing an additional 349 shares during the last quarter. State of Wyoming boosted its position in shares of Chipotle Mexican Grill by 10.9% in the 1st quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after purchasing an additional 368 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of Chipotle Mexican Grill by 2.9% in the 1st quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock worth $425,000 after purchasing an additional 377 shares in the last quarter. Finally, Western Pacific Wealth Management LP boosted its position in shares of Chipotle Mexican Grill by 26.3% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,023 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 421 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CMG shares. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Citigroup decreased their price target on Chipotle Mexican Grill from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Raymond James Financial lowered their price target on Chipotle Mexican Grill from $42.50 to $37.00 and set an “outperform” rating for the company in a report on Friday. Piper Sandler lowered their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, October 9th. Twenty-two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.59.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $0.18 during mid-day trading on Tuesday, hitting $29.66. The stock had a trading volume of 8,421,168 shares, compared to its average volume of 17,730,889. The company has a 50 day moving average of $33.93 and a two-hundred day moving average of $33.47. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.74. The firm has a market cap of $37.54 billion, a PE ratio of 27.21, a PEG ratio of 1.83 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.