Corient Private Wealth LLC Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Corient Private Wealth LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,469,361 shares of the restaurant operator’s stock after buying an additional 142,716 shares during the quarter. Corient Private Wealth LLC’s holdings in Chipotle Mexican Grill were worth $88,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC grew its position in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $50.12 on Monday. The firm has a market capitalization of $67.93 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50 day moving average price of $55.43 and a 200 day moving average price of $57.94. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Evercore ISI increased their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the company from $58.00 to $65.00 in a report on Friday. Wedbush lowered their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.85.

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.