15,000 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by Corient IA LLC

Key Points

• Corient IA LLC bought 15,000 shares of Chipotle Mexican Grill, valued at approximately $753,000, in the first quarter of the year.
• Analysts have lowered their price targets on Chipotle, with a consensus target of $60.22, and the stock currently holds a "Moderate Buy" rating.
• In recent insider trading, Roger E. Theodoredis sold 113,875 shares of Chipotle stock at an average price of $49.70, decreasing his ownership by over 50%.

Corient IA LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the restaurant operator's stock, valued at approximately $753,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after buying an additional 491,002 shares during the last quarter. Banco Santander S.A. lifted its stake in Chipotle Mexican Grill by 47.6% in the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock valued at $1,595,000 after buying an additional 10,246 shares during the period. Community Trust & Investment Co. acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $7,773,000. LPL Financial LLC lifted its stake in Chipotle Mexican Grill by 4.3% in the first quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator's stock valued at $64,086,000 after buying an additional 52,937 shares during the period. Finally, Jefferies Financial Group Inc. lifted its stake in Chipotle Mexican Grill by 525.5% in the first quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator's stock valued at $5,133,000 after buying an additional 85,892 shares during the period. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.1650 during mid-day trading on Tuesday, hitting $43.2150. The stock had a trading volume of 19,136,528 shares, compared to its average volume of 24,068,050. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.05. The company's 50 day simple moving average is $50.22 and its 200 day simple moving average is $50.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMG. TD Securities restated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Finally, Guggenheim lowered their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.22.

Chipotle Mexican Grill Company Profile

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.