Chipotle Mexican Grill, Inc. $CMG Shares Sold by OAKMONT Corp

OAKMONT Corp decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the 3rd quarter, Holdings Channel reports. The fund owned 539,713 shares of the restaurant operator’s stock after selling 30,358 shares during the period. Chipotle Mexican Grill accounts for 3.8% of OAKMONT Corp’s holdings, making the stock its 12th biggest holding. OAKMONT Corp’s holdings in Chipotle Mexican Grill were worth $21,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% during 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 last quarter. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Chipotle Mexican Grill by 13.3% in the 2nd quarter. Ritholtz Wealth Management now owns 11,254 shares of the restaurant operator’s stock worth $632,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 8.9% during the second quarter. Evermay Wealth Management LLC now owns 13,555 shares of the restaurant operator’s stock valued at $761,000 after acquiring an additional 1,109 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. Evercore reiterated an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Mizuho lowered their target price on Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Gordon Haskett lowered Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Sanford C. Bernstein upped their target price on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $47.24.

Chipotle Mexican Grill Stock Up 1.2%

CMG opened at $36.28 on Tuesday. The stock’s 50 day moving average price is $38.19 and its two-hundred day moving average price is $38.38. The firm has a market capitalization of $47.25 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.