Pictet Asset Management Holding SA Has $44.04 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pictet Asset Management Holding SA trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 730,277 shares of the restaurant operator’s stock after selling 5,658 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of Chipotle Mexican Grill worth $44,036,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMG. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $31,000. Sound Income Strategies LLC boosted its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $50,000. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Oppenheimer upped their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Evercore ISI lifted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $49.91 on Monday. The company has a market capitalization of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average of $53.81 and a 200-day moving average of $57.57. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS 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 predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.