Bank Pictet & Cie Europe AG Has $71.41 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bank Pictet & Cie Europe AG raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,239,326 shares of the restaurant operator’s stock after acquiring an additional 240,362 shares during the period. Chipotle Mexican Grill comprises approximately 1.7% of Bank Pictet & Cie Europe AG’s holdings, making the stock its 17th largest holding. Bank Pictet & Cie Europe AG owned 0.09% of Chipotle Mexican Grill worth $71,410,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co lifted its stake in shares of Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. Valley National Advisers Inc. lifted its position in Chipotle Mexican Grill by 9.8% during the 1st quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after purchasing an additional 4 shares during the period. Scott & Selber Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the 1st quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock valued at $2,093,000 after purchasing an additional 4 shares during the last quarter. Quent Capital LLC grew its position in shares of Chipotle Mexican Grill by 2.0% during the 1st quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock worth $599,000 after buying an additional 4 shares during the period. Finally, First National Bank of Hutchinson raised its stake in shares of Chipotle Mexican Grill by 1.1% during the first quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.3 %

Shares of CMG stock opened at $59.87 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.97 and a 12 month high of $69.26. The company’s fifty day simple moving average is $56.37 and its 200-day simple moving average is $81.48. The firm has a market cap of $82.22 billion, a PE ratio of 63.69, a P/E/G ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $12.65 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Citigroup upped their price objective on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Loop Capital reduced their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. Finally, KeyCorp decreased their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $63.03.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by insiders.

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.