Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Raised by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,518,593 shares of the restaurant operator's stock after acquiring an additional 279,267 shares during the quarter. Chipotle Mexican Grill accounts for about 2.0% of Bank Pictet & Cie Europe AG's holdings, making the stock its 13th biggest position. Bank Pictet & Cie Europe AG owned about 0.11% of Chipotle Mexican Grill worth $91,571,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $371,000. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after purchasing an additional 9,070 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock valued at $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $3,256,000. Finally, Lockheed Martin Investment Management Co. increased its stake in shares of Chipotle Mexican Grill by 19.6% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator's stock worth $10,711,000 after purchasing an additional 29,140 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.70 on Wednesday, hitting $53.80. The stock had a trading volume of 15,583,469 shares, compared to its average volume of 10,763,977. The stock's 50 day moving average is $59.14 and its 200-day moving average is $58.18. The firm has a market capitalization of $73.30 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.20 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company's stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Robert W. Baird increased their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Finally, Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.31.

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.