Pictet Asset Management Holding SA Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pictet Asset Management Holding SA trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 730,277 shares of the restaurant operator’s stock after selling 5,658 shares during the period. Pictet Asset Management Holding SA’s holdings in Chipotle Mexican Grill were worth $44,036,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. United Bank lifted its holdings in shares of Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after acquiring an additional 4,451 shares during the last quarter. Townsquare Capital LLC raised its position in Chipotle Mexican Grill by 5.4% in the 3rd quarter. Townsquare Capital LLC now owns 26,253 shares of the restaurant operator’s stock worth $1,513,000 after purchasing an additional 1,338 shares during the period. Freedom Investment Management Inc. lifted its stake in Chipotle Mexican Grill by 10.0% in the third quarter. Freedom Investment Management Inc. now owns 4,727 shares of the restaurant operator’s stock worth $272,000 after purchasing an additional 431 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Chipotle Mexican Grill by 2.0% during the third quarter. Glenmede Trust Co. NA now owns 86,167 shares of the restaurant operator’s stock valued at $4,965,000 after buying an additional 1,726 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Chipotle Mexican Grill by 16.1% during the third quarter. Public Sector Pension Investment Board now owns 59,150 shares of the restaurant operator’s stock valued at $3,408,000 after buying an additional 8,200 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CMG shares. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Evercore ISI boosted their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Trading Down 2.0 %

Shares of Chipotle Mexican Grill stock opened at $49.91 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The firm has a market capitalization of $67.64 billion, a P/E ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27. The business has a fifty day simple moving average of $53.81 and a two-hundred day simple moving average of $57.57.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 net margin of 13.56% and a return on equity of 42.92%. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.