Bank Julius Baer & Co. Ltd Zurich Sells 7,811 Shares of Chipotle Mexican Grill, Inc. $CMG

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,008 shares of the restaurant operator’s stock after selling 7,811 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Chipotle Mexican Grill were worth $1,797,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after buying an additional 993,798 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the period. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares during the last quarter. Geode Capital Management LLC raised its stake in Chipotle Mexican Grill by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after acquiring an additional 325,926 shares during the period. Finally, American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after acquiring an additional 425,648 shares during the period. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, September 3rd. Barclays cut their price objective on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating and set a $40.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, Mizuho set a $34.00 price target on Chipotle Mexican Grill in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $31.60 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.74. The company has a market capitalization of $41.78 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.65 and a beta of 0.98. The company has a fifty day moving average of $37.35 and a 200-day moving average of $44.71.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.