Union Bancaire Privee UBP SA Increases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Union Bancaire Privee UBP SA increased its stake in Chipotle Mexican Grill, Inc. by 5.7% during the second quarter, owning a total of 202,474 shares valued at approximately $10.35 million.
• Chipotle recently reported quarterly earnings of $0.33 per share, exceeding analysts' expectations of $0.32, with a revenue of $3.06 billion, marking a 3.0% year-over-year increase.
• Analysts have issued a consensus rating of "Moderate Buy" for Chipotle, with an average price target of $59.76, indicating positive sentiment towards the stock's potential performance.

Union Bancaire Privee UBP SA boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,474 shares of the restaurant operator's stock after acquiring an additional 10,875 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Chipotle Mexican Grill were worth $10,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMG. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $28,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.5%

NYSE:CMG opened at $39.87 on Tuesday. The firm has a market cap of $53.46 billion, a P/E ratio of 35.60, a PEG ratio of 2.04 and a beta of 1.02. The stock's 50 day simple moving average is $42.22 and its 200-day simple moving average is $48.17. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Securities reiterated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Melius assumed coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. Piper Sandler upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Finally, BTIG Research reiterated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.76.

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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