Bank Julius Baer & Co. Ltd Zurich Grows Position in Chipotle Mexican Grill, Inc. $CMG

Bank Julius Baer & Co. Ltd Zurich increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 267.9% in the fourth quarter, HoldingsChannel reports. The firm owned 86,121 shares of the restaurant operator’s stock after purchasing an additional 62,715 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Chipotle Mexican Grill were worth $3,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $25,000. Murphy & Mullick Capital Management Corp raised its stake in Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $31,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Chipotle Mexican Grill during the third quarter valued at $32,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Trading Up 1.6%

Chipotle Mexican Grill stock opened at $32.59 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The firm has a market cap of $41.81 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.07 and a beta of 1.03. The stock has a fifty day simple moving average of $33.54 and a two-hundred day simple moving average of $35.36.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.