Banque Pictet & Cie SA Trims Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Banque Pictet & Cie SA lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,029,768 shares of the restaurant operator’s stock after selling 875 shares during the quarter. Chipotle Mexican Grill makes up approximately 0.4% of Banque Pictet & Cie SA’s holdings, making the stock its 28th biggest holding. Banque Pictet & Cie SA’s holdings in Chipotle Mexican Grill were worth $62,095,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in shares of Chipotle Mexican Grill by 10.9% during the fourth quarter. V Square Quantitative Management LLC now owns 7,912 shares of the restaurant operator’s stock worth $477,000 after buying an additional 775 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in Chipotle Mexican Grill by 3.5% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,755 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 229 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Chipotle Mexican Grill by 3.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 546,253 shares of the restaurant operator’s stock worth $33,201,000 after acquiring an additional 16,964 shares during the period. Aljian Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.9% in the 4th quarter. Aljian Capital Management LLC now owns 12,285 shares of the restaurant operator’s stock valued at $741,000 after acquiring an additional 225 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Chipotle Mexican Grill by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 222,532 shares of the restaurant operator’s stock valued at $13,334,000 after acquiring an additional 3,003 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CMG shares. Jefferies Financial Group lifted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Loop Capital lifted their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $58.16 on Friday. The company’s fifty day moving average price is $59.81 and its two-hundred day moving average price is $58.03. The firm has a market capitalization of $79.25 billion, a P/E ratio of 52.39, a P/E/G ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate 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 anticipate 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.