Swiss National Bank Sells 207,700 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Swiss National Bank cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,868,700 shares of the restaurant operator’s stock after selling 207,700 shares during the quarter. Swiss National Bank owned approximately 0.28% of Chipotle Mexican Grill worth $233,283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMG. Alpha DNA Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares during the last quarter. Tortoise Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after purchasing an additional 176 shares during the last quarter. Connable Office Inc. lifted its position in shares of Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 178 shares during the last quarter. Traynor Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 181 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after purchasing an additional 184 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $50.07 on Thursday. The company has a market cap of $67.85 billion, a PE ratio of 45.10, a P/E/G ratio of 2.04 and a beta of 1.27. The business has a 50-day simple moving average of $55.85 and a two-hundred day simple moving average of $58.01. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CMG shares. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. KeyCorp cut their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.60.

About Chipotle Mexican Grill

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.