Banque Pictet & Cie SA Has $24.52 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Banque Pictet & Cie SA trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 662,643 shares of the restaurant operator’s stock after selling 260,989 shares during the period. Banque Pictet & Cie SA owned 0.05% of Chipotle Mexican Grill worth $24,518,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMG. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $25,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $26,000. Finally, Lavaca Capital LLC bought a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CMG shares. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Raymond James Financial increased their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Argus reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Finally, Evercore reiterated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Twenty-four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.13.

Chipotle Mexican Grill Trading Up 1.9%

Shares of CMG stock opened at $32.61 on Thursday. The firm’s fifty day moving average price is $36.22 and its two-hundred day moving average price is $36.80. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The firm has a market capitalization of $42.48 billion, a P/E ratio of 28.61, a PEG ratio of 1.96 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.