Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chipotle Mexican Grill by 10.2% in Q1, now owning 595,001 shares valued at approximately $29.9 million.
• Chipotle reported earnings of $0.33 EPS for the last quarter, exceeding expectations, with revenue of $3.06 billion, a 3.0% year-over-year increase.
• Analysts have mixed ratings on Chipotle, with a consensus price target of $60.71, reflecting a "Moderate Buy" sentiment among ten analysts.

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595,001 shares of the restaurant operator's stock after purchasing an additional 55,278 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Chipotle Mexican Grill were worth $29,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at $25,000. HighMark Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill in the first quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at $31,000. Finally, Mechanics Financial Corp acquired a new position in Chipotle Mexican Grill in the first quarter valued at $38,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 2.2%

Shares of Chipotle Mexican Grill stock opened at $46.75 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The stock has a market cap of $62.98 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. The company has a 50-day moving average of $52.75 and a two-hundred day moving average of $52.54.

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

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were 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 directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

CMG has been the subject of several research analyst reports. Raymond James Financial restated an "outperform" rating and issued a $60.00 price objective (down previously from $62.00) on shares of Chipotle Mexican Grill in a research note on Thursday. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Guggenheim decreased their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

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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