Banque Cantonale Vaudoise Invests $792,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Banque Cantonale Vaudoise invested approximately $792,000 in Chipotle Mexican Grill by acquiring 15,768 shares in the first quarter.
• Major hedge funds have increased their stakes in Chipotle, with Premier Fund Managers Ltd lifting its position by 15%, now owning over 1.1 million shares valued at around $57 million.
• Research analysts have a mixed outlook, with estimates ranging from a neutral rating with a price target of $54 from JPMorgan, to a buy rating and a target of $65 from UBS Group.

Banque Cantonale Vaudoise bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,768 shares of the restaurant operator's stock, valued at approximately $792,000.

Several other hedge funds have also modified their holdings of CMG. Premier Fund Managers Ltd lifted its stake in Chipotle Mexican Grill by 15.0% in the 1st quarter. Premier Fund Managers Ltd now owns 1,150,463 shares of the restaurant operator's stock valued at $57,414,000 after buying an additional 150,463 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at about $130,000. Meeder Advisory Services Inc. lifted its stake in Chipotle Mexican Grill by 4.1% in the 1st quarter. Meeder Advisory Services Inc. now owns 22,601 shares of the restaurant operator's stock valued at $1,135,000 after buying an additional 880 shares in the last quarter. Physicians Financial Services Inc. lifted its stake in Chipotle Mexican Grill by 1.5% in the 1st quarter. Physicians Financial Services Inc. now owns 16,738 shares of the restaurant operator's stock valued at $840,000 after buying an additional 245 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its stake in Chipotle Mexican Grill by 10.7% in the 1st quarter. Fielder Capital Group LLC now owns 4,712 shares of the restaurant operator's stock valued at $237,000 after buying an additional 454 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CMG shares. JPMorgan Chase & Co. decreased their price target 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. Guggenheim decreased their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. UBS Group raised their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued 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 target price of $60.71.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $42.88 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $66.74. The firm has a 50 day moving average price of $52.16 and a 200 day moving average price of $52.26. The company has a market capitalization of $57.78 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.

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