Bank Pictet & Cie Europe AG Sells 535,004 Shares of Chipotle Mexican Grill, Inc. $CMG

Bank Pictet & Cie Europe AG trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 956,152 shares of the restaurant operator’s stock after selling 535,004 shares during the quarter. Bank Pictet & Cie Europe AG owned about 0.07% of Chipotle Mexican Grill worth $35,378,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 4.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 253 shares in the last quarter. Centurion Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 260 shares in the last quarter. Lakeshore Capital Group Inc. lifted its holdings in Chipotle Mexican Grill by 1.9% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 272 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc lifted its holdings in Chipotle Mexican Grill by 0.8% in the 3rd quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock worth $1,465,000 after purchasing an additional 280 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 1.9%

Shares of CMG stock opened at $32.61 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The firm has a market cap of $42.48 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The stock has a 50 day moving average of $36.22 and a 200-day moving average of $36.80.

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

Analysts Set New Price Targets

CMG has been the topic of several analyst reports. TD Cowen reiterated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Finally, Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Twenty-four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.13.

About Chipotle Mexican Grill

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.