Chipotle Mexican Grill, Inc. $CMG Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,998 shares of the restaurant operator’s stock after selling 29,429 shares during the period. Corient Private Wealth LLC’s holdings in Chipotle Mexican Grill were worth $8,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $26,000. Winthrop Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $31,000. Finally, Ankerstar Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $33,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $31.69 on Thursday. The firm has a market capitalization of $40.65 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The business’s 50 day simple moving average is $32.46 and its 200-day simple moving average is $35.10. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, May 5th. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Guggenheim cut their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Stephens raised their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Twenty-three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.10.

Chipotle Mexican Grill 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.