Swiss National Bank Purchases 258,400 Shares of Chipotle Mexican Grill, Inc. $CMG

Swiss National Bank lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,101,500 shares of the restaurant operator’s stock after buying an additional 258,400 shares during the period. Swiss National Bank owned approximately 0.31% of Chipotle Mexican Grill worth $230,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in Chipotle Mexican Grill in the first quarter worth $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $29,000. Finally, Activest Wealth Management grew its stake in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of research analyst reports. Guggenheim decreased their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Zacks Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Trading Up 4.1%

CMG opened at $31.60 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $66.74. The firm has a 50 day moving average of $37.35 and a two-hundred day moving average of $44.75. The firm has a market capitalization of $41.78 billion, a PE ratio of 27.96, a P/E/G ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.