Bank Julius Baer & Co. Ltd Zurich increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 50.4% in the second quarter, HoldingsChannel reports. The firm owned 340 shares of the restaurant operator’s stock after purchasing an additional 114 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Chipotle Mexican Grill were worth $727,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Chipotle Mexican Grill by 5.0% in the first quarter. Cerity Partners LLC now owns 2,910 shares of the restaurant operator’s stock worth $13,299,000 after purchasing an additional 138 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Chipotle Mexican Grill by 3.9% in the first quarter. Van ECK Associates Corp now owns 3,311 shares of the restaurant operator’s stock worth $5,656,000 after purchasing an additional 124 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Chipotle Mexican Grill by 2.8% during the first quarter. First Trust Direct Indexing L.P. now owns 439 shares of the restaurant operator’s stock valued at $750,000 after acquiring an additional 12 shares during the period. Czech National Bank boosted its holdings in Chipotle Mexican Grill by 0.3% during the first quarter. Czech National Bank now owns 3,254 shares of the restaurant operator’s stock valued at $5,559,000 after acquiring an additional 9 shares during the period. Finally, Simplicity Solutions LLC boosted its holdings in Chipotle Mexican Grill by 55.3% during the first quarter. Simplicity Solutions LLC now owns 733 shares of the restaurant operator’s stock valued at $1,252,000 after acquiring an additional 261 shares during the period. 91.19% of the stock is currently owned by institutional investors.
Insider Transactions at Chipotle Mexican Grill
In other news, CEO Brian R. Niccol sold 1,063 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,949.84, for a total transaction of $2,072,679.92. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $45,522,914.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Brian R. Niccol sold 1,063 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,949.84, for a total transaction of $2,072,679.92. Following the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at $45,522,914.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 1,058 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total transaction of $2,039,993.28. Following the sale, the chief executive officer now owns 23,347 shares in the company, valued at $45,016,751.52. The disclosure for this sale can be found here. Insiders have sold a total of 3,165 shares of company stock valued at $6,024,185 over the last three months. 0.96% of the stock is currently owned by corporate insiders.
Chipotle Mexican Grill Stock Up 0.6 %
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 earnings per share for the quarter, topping analysts’ consensus estimates of $12.25 by $0.40. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Chipotle Mexican Grill had a net margin of 12.00% and a return on equity of 45.85%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $9.30 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 43.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CMG. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $2,200.00 to $2,400.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Morgan Stanley decreased their price target on shares of Chipotle Mexican Grill from $2,025.00 to $2,010.00 in a report on Thursday, July 27th. Guggenheim upped their price target on shares of Chipotle Mexican Grill from $1,550.00 to $1,950.00 and gave the company a “neutral” rating in a report on Friday, July 14th. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $2,075.00 to $1,981.00 in a report on Thursday, July 27th. Finally, Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $2,250.00 to $2,150.00 in a report on Thursday, July 27th. Eight 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, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $2,151.00.
Check Out Our Latest Research Report on CMG
Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.
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