Union Bancaire Privee UBP SA Lowers Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Union Bancaire Privee UBP SA cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 65.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,599 shares of the restaurant operator's stock after selling 364,863 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Chipotle Mexican Grill were worth $9,046,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 625 shares during the last quarter. Global Financial Private Client LLC lifted its stake in Chipotle Mexican Grill by 136.2% in the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock valued at $44,000 after acquiring an additional 500 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG traded down $0.65 during mid-day trading on Friday, hitting $50.24. 9,303,828 shares of the company's stock were exchanged, compared to its average volume of 13,401,517. The company has a market cap of $67.70 billion, a PE ratio of 45.26, a P/E/G ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The company has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $54.28.

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. KeyCorp reduced their target price 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, April 24th. Loop Capital reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. UBS Group dropped their price target on shares of 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. Finally, Barclays dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.37.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 sale, the insider now directly owns 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

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.