Swiss National Bank trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.4% during the 4th quarter, HoldingsChannel reports. The fund owned 94,787 shares of the restaurant operator’s stock after selling 14,700 shares during the period. Swiss National Bank’s holdings in Chipotle Mexican Grill were worth $27,396,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Principal Financial Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 196.5% during the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after acquiring an additional 177,530 shares in the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $54,272,000. Janus Henderson Group PLC raised its holdings in shares of Chipotle Mexican Grill by 332.5% during the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after acquiring an additional 124,330 shares in the last quarter. Hexavest Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $34,213,000. Finally, Marshfield Associates raised its holdings in shares of Chipotle Mexican Grill by 75.7% during the 3rd quarter. Marshfield Associates now owns 197,591 shares of the restaurant operator’s stock worth $60,824,000 after acquiring an additional 85,101 shares in the last quarter. 88.88% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Paul T. Cappuccio purchased 500 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were acquired at an average price of $290.88 per share, with a total value of $145,440.00. Following the transaction, the director now owns 766 shares of the company’s stock, valued at $222,814.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.01% of the stock is currently owned by corporate insiders.
Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $305.63 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $247.51 and a 12-month high of $499.00. The stock has a market capitalization of $8,536.33, a price-to-earnings ratio of 46.38, a PEG ratio of 2.09 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.32 earnings per share for the current year.
CMG has been the topic of several recent research reports. Credit Suisse Group decreased their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Nomura upped their price objective on Chipotle Mexican Grill from $291.00 to $315.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Wedbush cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 price objective on the stock. in a report on Wednesday, February 7th. Deutsche Bank restated a “sell” rating and set a $290.00 price target (up previously from $240.00) on shares of Chipotle Mexican Grill in a report on Wednesday, January 31st. Finally, Wells Fargo & Co increased their price target on Chipotle Mexican Grill from $280.00 to $300.00 and gave the company a “market perform” rating in a report on Tuesday, January 30th. They noted that the move was a valuation call. Nine analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $342.25.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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