Chipotle Mexican Grill, Inc. $CMG Shares Sold by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC has decreased its holdings in Chipotle Mexican Grill by 15.0%, now owning 512,214 shares valued at approximately $25.72 million after selling 90,718 shares.
• While Atalanta Sosnoff has reduced its stake, other institutional investors like Vanguard Group and Price T Rowe Associates have increased their holdings, showing a mixed sentiment among major stakeholders.
• Chipotle's stock is down 0.9%, currently trading at $41.75, with a market cap of $55.98 billion and a PE ratio of 37.28.

Atalanta Sosnoff Capital LLC reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 512,214 shares of the restaurant operator's stock after selling 90,718 shares during the quarter. Atalanta Sosnoff Capital LLC's holdings in Chipotle Mexican Grill were worth $25,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Bank Pictet & Cie Europe AG raised its position in Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after purchasing an additional 279,267 shares during the period. Bison Wealth LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $224,000. Aptus Capital Advisors LLC increased its position in shares of Chipotle Mexican Grill by 42.1% during the fourth quarter. Aptus Capital Advisors LLC now owns 18,451 shares of the restaurant operator's stock worth $1,113,000 after acquiring an additional 5,470 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Chipotle Mexican Grill by 7.1% during the fourth quarter. Benjamin Edwards Inc. now owns 54,474 shares of the restaurant operator's stock worth $3,285,000 after acquiring an additional 3,592 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.37 on Friday, hitting $41.04. The stock had a trading volume of 21,999,135 shares, compared to its average volume of 15,741,330. The business's fifty day moving average price is $47.35 and its 200 day moving average price is $49.59. Chipotle Mexican Grill, Inc. has a 52-week low of $40.73 and a 52-week high of $66.74. The stock has a market cap of $55.03 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results 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. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Stephens reaffirmed an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Finally, KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $59.93.

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.