Swiss National Bank Grows Position in Chipotle Mexican Grill, Inc. $CMG

by · The Cerbat Gem

Swiss National Bank lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,101,500 shares of the restaurant operator’s stock after purchasing an additional 258,400 shares during the quarter. Swiss National Bank’s holdings in Chipotle Mexican Grill were worth $230,299,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the first quarter valued at $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $29,000. Finally, Activest Wealth Management raised its holdings in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. BTIG Research lowered their price target on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Evercore ISI cut their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Northcoast Research cut shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

View Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 4.1%

Shares of CMG opened at $31.60 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.74. The firm’s fifty day moving average is $37.35 and its two-hundred day moving average is $44.75. The stock has a market cap of $41.78 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

(Free Report)

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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