Bank Pictet & Cie Europe AG Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bank Pictet & Cie Europe AG lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488,777 shares of the restaurant operator's stock after selling 29,816 shares during the period. Chipotle Mexican Grill comprises 1.8% of Bank Pictet & Cie Europe AG's investment portfolio, making the stock its 13th biggest position. Bank Pictet & Cie Europe AG owned approximately 0.11% of Chipotle Mexican Grill worth $74,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Chipotle Mexican Grill by 75.0% during the 1st quarter. Brighton Jones LLC now owns 19,411 shares of the restaurant operator's stock worth $975,000 after acquiring an additional 8,319 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Chipotle Mexican Grill by 38.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 13,176 shares of the restaurant operator's stock worth $662,000 after acquiring an additional 3,689 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Chipotle Mexican Grill by 88.4% during the 1st quarter. Sound Income Strategies LLC now owns 1,140 shares of the restaurant operator's stock worth $57,000 after acquiring an additional 535 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill by 13.4% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 138,704 shares of the restaurant operator's stock worth $6,902,000 after acquiring an additional 16,351 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Chipotle Mexican Grill by 20.1% during the 1st quarter. Ritholtz Wealth Management now owns 9,934 shares of the restaurant operator's stock worth $499,000 after acquiring an additional 1,660 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider now directly owns 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. UBS Group cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup cut their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Robert W. Baird cut their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley dropped their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.37.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $2.28 during midday trading on Monday, hitting $52.52. 15,163,074 shares of the stock were exchanged, compared to its average volume of 13,408,701. The stock's 50-day moving average price is $50.38 and its 200-day moving average price is $54.22. The stock has a market cap of $70.76 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $13.37 earnings per share. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.