556,462 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 556,462 shares of the restaurant operator’s stock, valued at approximately $32,742,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Blue Trust Inc. raised its holdings in Chipotle Mexican Grill by 41.9% in the fourth quarter. Blue Trust Inc. now owns 41,898 shares of the restaurant operator’s stock valued at $2,414,000 after buying an additional 12,369 shares during the period. PFG Investments LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.0% during the 4th quarter. PFG Investments LLC now owns 35,749 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 2,338 shares in the last quarter. Harrell Investment Partners LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth $2,513,000. Guerra Pan Advisors LLC increased its holdings in Chipotle Mexican Grill by 10.4% in the 4th quarter. Guerra Pan Advisors LLC now owns 13,633 shares of the restaurant operator’s stock valued at $822,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in Chipotle Mexican Grill by 841.1% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 9,882 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 8,832 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $56.61 on Monday. The business’s 50-day moving average is $60.64 and its 200-day moving average is $57.72. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CMG shares. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Barclays raised their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Robert W. Baird upped their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.81.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by corporate 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.