Nisa Investment Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 396,334 shares of the restaurant operator’s stock after buying an additional 21,545 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $12,663,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. EP Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $948,000. Callan Family Office LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $1,406,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Chipotle Mexican Grill by 7,051.6% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock valued at $7,787,000 after purchasing an additional 240,318 shares during the last quarter. Park National Corp OH increased its position in Chipotle Mexican Grill by 442.1% during the 3rd quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock worth $9,883,000 after buying an additional 252,265 shares during the period. Finally, KMG Fiduciary Partners LLC increased its position in Chipotle Mexican Grill by 246.4% during the third quarter. KMG Fiduciary Partners LLC now owns 141,389 shares of the restaurant operator’s stock worth $4,517,000 after acquiring an additional 100,569 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday. Robert W. Baird reaffirmed a “neutral” rating and set a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Monday, August 24th. Seaport Research Partners initiated coverage on shares of Chipotle Mexican Grill in a report on Wednesday, September 16th. They set a “neutral” rating for the company. Finally, TD Cowen reiterated a “hold” rating and issued a $32.00 price target (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.96.
Insider Activity
In other news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction 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 transaction, the insider owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.
Chipotle Mexican Grill News Roundup
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Wells Fargo reduced its price target to $40 from $45 but maintained an Overweight rating, implying substantial upside from current levels and signaling that the firm still views Chipotle’s long-term recovery as intact. Benzinga analyst update
- Positive Sentiment: Chipotle is bringing back its Boorito Halloween promotion, offering $6 entrées to Rewards members who visit in costume. The campaign could support traffic and customer engagement, although the discount may limit its effect on profitability. Boorito promotion announcement
- Neutral Sentiment: Chipotle’s Cultivate Next venture fund participated in a $12 million funding round for agricultural-biologicals company IMIO. The investment supports Chipotle’s supply-chain and soil-health goals but is unlikely to materially affect near-term earnings. IMIO funding announcement
- Negative Sentiment: TD Cowen downgraded CMG to Hold from Buy and slashed its price target to $32 from $44, citing soft October sales and a “lackluster start to Q4.” The firm expects same-store sales growth below consensus for the fourth quarter and 2027, raising concerns that the recovery is losing momentum. TD Cowen downgrade
- Negative Sentiment: Investors are approaching next week’s earnings report cautiously. Pre-release analysis indicates Chipotle may lack the usual combination of positive earnings revisions and strong estimates needed for a likely earnings beat. Chipotle earnings preview
- Negative Sentiment: Unusually heavy put-option activity—80,695 puts purchased, about 61% above typical volume—signals increased demand for downside protection or bearish speculation. The stock is also trading near its one-year low and below its 50-day and 200-day moving averages.
Chipotle Mexican Grill Price Performance
Chipotle Mexican Grill stock opened at $28.11 on Thursday. The business has a 50 day moving average of $33.79 and a 200-day moving average of $33.41. Chipotle Mexican Grill, Inc. has a 1 year low of $27.87 and a 1 year high of $42.38. The company has a market capitalization of $35.57 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.80 and a beta of 0.96.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.
Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.
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