Swiss National Bank Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Swiss National Bank cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,843,100 shares of the restaurant operator's stock after selling 25,600 shares during the quarter. Swiss National Bank owned 0.29% of Chipotle Mexican Grill worth $192,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after purchasing an additional 1,597,287 shares in the last quarter. Northern Trust Corp increased its position in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Chipotle Mexican Grill by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock worth $619,743,000 after purchasing an additional 2,006,338 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after purchasing an additional 4,903,969 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Chipotle Mexican Grill by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,889,179 shares of the restaurant operator's stock worth $596,333,000 after purchasing an additional 58,535 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the 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 transaction, the insider 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Down 2.9%

CMG opened at $41.47 on Friday. The stock's 50-day moving average price is $51.21 and its 200 day moving average price is $51.64. Chipotle Mexican Grill, Inc. has a 12-month low of $41.43 and a 12-month high of $66.74. The firm has a market cap of $55.61 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.17 and a beta of 1.05.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Raymond James Financial reiterated an "outperform" rating and set a $60.00 price target (down from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. TD Securities reissued a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Guggenheim lowered their price objective on 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. Finally, Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $60.71.

Chipotle Mexican Grill 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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