Corient Private Wealth LLC Sells 445,783 Shares of Chipotle Mexican Grill, Inc. $CMG

Corient Private Wealth LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 466,498 shares of the restaurant operator’s stock after selling 445,783 shares during the period. Corient Private Wealth LLC’s holdings in Chipotle Mexican Grill were worth $26,194,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $1,001,668,000. Sustainable Growth Advisers LP bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $597,031,000. Price T Rowe Associates Inc. MD lifted its stake in Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the period. BlueSpruce Investments LP grew its holdings in Chipotle Mexican Grill by 24,760.7% during the 2nd quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock worth $220,711,000 after acquiring an additional 3,914,921 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. Stephens dropped their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. KeyCorp reduced their price target on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $37.00 on Thursday. The stock’s fifty day moving average price is $35.33 and its 200 day moving average price is $42.61. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $64.15. The company has a market cap of $48.92 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.