Bank Julius Baer & Co. Ltd Zurich Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 201.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,819 shares of the restaurant operator's stock after acquiring an additional 26,613 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Chipotle Mexican Grill were worth $1,999,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $7,773,000. Headlands Technologies LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $488,000. Valicenti Advisory Services Inc. bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $3,317,000. Interval Partners LP purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $51,811,000. Finally, Gibraltar Capital Management Inc. bought a new stake in Chipotle Mexican Grill in the first quarter valued at $4,343,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 2.2%

CMG traded up $1.01 during midday trading on Friday, hitting $46.75. 33,787,342 shares of the company traded hands, compared to its average volume of 15,530,194. The firm has a market capitalization of $62.98 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08. The company's 50-day moving average is $52.75 and its 200 day moving average is $52.58. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMG. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Piper Sandler increased their price target on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday. Loop Capital lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Stephens reiterated an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $60.71.

About Chipotle Mexican Grill

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.