J. Safra Sarasin Holding AG Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in Chipotle Mexican Grill by 70.9%, ending the quarter with 23,658 shares valued at approximately $1.33 million.
• Chipotle's stock recently rose by 3.7%, with an average price target set around $59.41 by various analysts, indicating a predominantly positive outlook.
• In the second quarter, Chipotle reported earnings of $0.33 EPS, slightly exceeding expectations, though revenue fell short of analyst estimates at $3.06 billion.

J. Safra Sarasin Holding AG trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 70.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,658 shares of the restaurant operator's stock after selling 57,542 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Chipotle Mexican Grill were worth $1,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp grew its holdings in Chipotle Mexican Grill by 0.8% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 229,286 shares of the restaurant operator's stock valued at $12,874,000 after buying an additional 1,819 shares in the last quarter. NRI Wealth Management LC grew its holdings in Chipotle Mexican Grill by 3.1% during the 2nd quarter. NRI Wealth Management LC now owns 49,800 shares of the restaurant operator's stock valued at $2,796,000 after buying an additional 1,475 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in Chipotle Mexican Grill by 45.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 1,961 shares of the restaurant operator's stock valued at $110,000 after buying an additional 611 shares in the last quarter. First Pacific Financial purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $39,000. Finally, Community Bank & Trust Waco Texas purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $211,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 3.7%

NYSE CMG opened at $41.78 on Friday. The company has a fifty day moving average of $41.47 and a two-hundred day moving average of $47.94. The firm has a market capitalization of $56.02 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.05 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data 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 company 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%. Chipotle Mexican Grill's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMG. Melius began coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price objective for the company. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $56.00 to $65.00 in a report on Friday, July 18th. TD Cowen reaffirmed a "buy" rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Stephens reiterated an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Chipotle Mexican Grill in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.41.

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.

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