Corient Private Wealth LP Has $4.81 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Corient Private Wealth reduced its Chipotle stake by 27.9% in the second quarter, selling 54,701 shares and retaining 141,452 shares valued at approximately $4.81 million.
• Chipotle reported quarterly revenue of $3.35 billion and earnings of $0.33 per share, modestly beating analyst expectations; revenue increased 9.3% year over year.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $43.84, versus a recent share price of $33.40. Institutional investors own 91.3% of the stock.

Corient Private Wealth LP decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,452 shares of the restaurant operator's stock after selling 54,701 shares during the quarter. Corient Private Wealth LP's holdings in Chipotle Mexican Grill were worth $4,809,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMG. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $26,000. Osbon Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $26,000. Meeder Asset Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $27,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $28,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $33.40 on Friday. The firm's 50 day simple moving average is $35.12 and its 200 day simple moving average is $33.82. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81. The company has a market cap of $42.26 billion, a PE ratio of 30.64, a P/E/G ratio of 2.05 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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. The firm had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.15 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares of the company's stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CMG. BTIG Research reiterated a "buy" rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. UBS Group restated a "buy" rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Seaport Research Partners initiated coverage on shares of Chipotle Mexican Grill in a report on Wednesday. They set a "neutral" rating on the stock. Finally, Evercore reaffirmed an "outperform" rating and set a $47.00 price target on shares of Chipotle Mexican Grill 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.84.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children's meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.

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