Chipotle Mexican Grill, Inc. $CMG Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group reduced its Chipotle stake by 12% in the second quarter, selling 848,706 shares and retaining 6.23 million shares valued at approximately $211.8 million.
• Analysts maintain a favorable outlook, with 23 Buy ratings and 10 Holds producing a consensus “Moderate Buy” rating and an average price target of $43.84.
• Chipotle’s latest quarterly results slightly exceeded expectations, with EPS of $0.33 and revenue of $3.35 billion, up 9.3% year over year; shares opened at $38.08 and institutional investors own 91.3% of the stock.

Alyeska Investment Group L.P. lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,229,924 shares of the restaurant operator's stock after selling 848,706 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.49% of Chipotle Mexican Grill worth $211,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the period. Bison Wealth LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $224,000. Empowered Funds LLC boosted its stake in Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator's stock worth $1,329,000 after buying an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator's stock valued at $102,000 after buying an additional 1,794 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator's stock valued at $15,406,000 after acquiring an additional 129,066 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analysts Set New Price Targets

CMG has been the subject of several research reports. DA Davidson boosted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Stephens restated a "positive" rating and set a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Raymond James Financial reaffirmed an "outperform" rating and issued a $42.50 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Morgan Stanley upped their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $43.84.

Chipotle Mexican Grill Stock Up 2.3%

Shares of NYSE CMG opened at $38.08 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The stock has a market capitalization of $48.19 billion, a P/E ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94. The stock's 50 day moving average price is $34.33 and its two-hundred day moving average price is $33.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the company posted $0.33 EPS. The business's revenue was up 9.3% compared to the same quarter last year. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider owned 21,415 shares of the company's stock, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is owned by corporate insiders.

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.

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