Corient Private Wealth LLC Trims Stock Position in Chipotle Mexican Grill, Inc. $CMG

Corient Private Wealth LLC lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $26,000. Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $31,000. Finally, Ankerstar Wealth LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $33,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $31.69 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42. The company has a 50-day moving average of $32.46 and a 200-day moving average of $35.10. The company has a market cap of $40.65 billion, a P/E ratio of 29.08, a P/E/G ratio of 1.99 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm posted $0.29 EPS. The company’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup boosted their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BNP Paribas Exane lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. TD Cowen reiterated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.10.

About Chipotle Mexican Grill

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.