Sanctuary Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 65,964 shares of the restaurant operator’s stock, valued at approximately $2,243,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $4,417,475,000. Capital World Investors increased its position in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after buying an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after buying an additional 9,237,720 shares in the last quarter. Capital International Investors lifted its holdings in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after buying an additional 6,796,285 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Key Chipotle Mexican Grill News
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Chipotle is offering free double protein on August 27 with code PROTEIN as its Honey Chicken promotion enters its final week. The one-day offer could boost digital orders, restaurant traffic and customer engagement, although the discount may limit the immediate margin benefit. Chipotle free double protein promotion
- Neutral Sentiment: Robert W. Baird reaffirmed a Neutral rating, with reports indicating a lower price target of $40 from $44. The change suggests the firm sees limited risk-adjusted upside after CMG’s recent advance, rather than a sharply bearish outlook. Baird neutral rating on Chipotle
- Negative Sentiment: CEO Scott Boatwright sold 31,522 shares valued at approximately $1.1 million, equal to about 9% of his pre-sale holdings. The transaction may weigh on sentiment, though the filing does not by itself establish that management expects the stock to fall. Chipotle CEO stock sale
- Negative Sentiment: CFO Adam Rymer disposed of 9,276 shares for roughly $327,000, representing 10% of his prior equity holdings. The sale was described as non-discretionary, which reduces its bearish significance, but it adds to the recent insider-selling narrative. Chipotle CFO stock sale
- Negative Sentiment: Insider Matthew Bush also sold 2,675 shares for approximately $95,631, reducing his position by 11.1%. Multiple insider dispositions can reinforce profit-taking concerns, even when individual sales may be routine. Chipotle insider sale
- Negative Sentiment: Recent analysis says CMG may be fully valued following strong promotional sales, international expansion and expectations for a Saudi Arabia debut. Analysts also flag elevated costs and the possibility that Chipotle will need greater marketing or operating investment to sustain slower growth, potentially pressuring margins.
Insider Buying and Selling at Chipotle Mexican Grill
Chipotle Mexican Grill Trading Down 0.4%
CMG stock opened at $37.29 on Thursday. The company’s 50 day moving average is $34.12 and its 200 day moving average is $33.93. The stock has a market cap of $47.19 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $42.94.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its 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 net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $0.33 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. BNP Paribas Exane raised their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $38.00 to $35.00 in a research report on Friday, June 5th. Evercore reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Citigroup lowered their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.84.
Get Our Latest Stock Report on CMG
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.
Read More
- Five stocks we like better than Chipotle Mexican Grill
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.
