Freemont Management S.A. decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 62.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the restaurant operator’s stock after selling 117,200 shares during the period. Freemont Management S.A.’s holdings in Chipotle Mexican Grill were worth $2,241,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $26,000. Osbon Capital Management LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $28,000. Merkkuri Wealth Advisors LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at $28,000. Finally, Ankerstar Wealth LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $33,000. 91.30% of the stock is owned by institutional investors and hedge funds.
Chipotle Mexican Grill Stock Performance
Shares of CMG opened at $34.47 on Friday. The company has a market cap of $44.22 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.23 and a beta of 0.97. The stock has a fifty day moving average price of $32.60 and a two-hundred day moving average price of $34.90. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $54.29.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CMG. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Citigroup cut their price target on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 13th. Mizuho boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.
Check Out Our Latest Stock Report on Chipotle Mexican Grill
Trending Headlines about Chipotle Mexican Grill
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Chipotle and Wendy’s said their restaurants were not affected by the cyclosporiasis outbreak linked to lettuce at some Taco Bell locations, easing fears that the issue would spread to other fast-casual chains. Reuters article on cyclosporiasis outbreak
- Positive Sentiment: Chipotle opened its first restaurant in Mexico, a long-awaited international debut that could expand the brand’s growth runway and support sentiment around future store growth. Reuters article on Mexico debut
- Neutral Sentiment: Several analysts and market commentary pieces framed CMG as having improving traffic and rewards growth, but also noted that valuation and margin pressure remain key debates for the stock. Yahoo Finance comparison article
- Neutral Sentiment: Some commentary said Chipotle still looks fully priced after its recent decline, suggesting valuation may limit upside even after the recent rebound. Yahoo Finance valuation article
- Negative Sentiment: At least one market update said Chipotle underperformed peers on Thursday, reinforcing that the stock has been volatile and is still recovering from a sharp year-to-date slide. MarketWatch underperformance article
Chipotle Mexican Grill Company 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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