Chipotle Mexican Grill, Inc. $CMG Stock: Pictet Asset Management Holding SA Decreases Stake

Posted by Francis Steltz on Nov 12th, 2026

Pictet Asset Management Holding SA lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 724,587 shares of the restaurant operator’s stock after selling 91,460 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Chipotle Mexican Grill worth $23,151,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $4,417,475,000. Arrowstreet Capital Limited Partnership boosted its stake in Chipotle Mexican Grill by 19.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after acquiring an additional 2,727,762 shares in the last quarter. Amundi boosted its stake in Chipotle Mexican Grill by 23.3% during the first quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock worth $383,486,000 after acquiring an additional 2,266,087 shares in the last quarter. Bank of America Corp DE boosted its stake in Chipotle Mexican Grill by 86.1% during the first quarter. Bank of America Corp DE now owns 11,973,752 shares of the restaurant operator’s stock worth $383,280,000 after acquiring an additional 5,541,385 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Chipotle Mexican Grill by 30.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator’s stock worth $368,751,000 after purchasing an additional 2,541,795 shares during the period. Institutional investors own 91.30% of the company’s stock.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction that occurred 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 sale, the insider owned 21,415 shares in the company, valued at $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 price target (down from $45.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 29th. Oppenheimer reissued an “outperform” rating and issued a $51.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, October 29th. Stephens restated an “equal weight” rating and issued a $38.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, October 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Friday, October 9th. Twenty-seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $42.36.

Check Out Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $36.57 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $27.31 and a 1 year high of $41.42. The firm’s 50-day moving average is $32.64 and its 200 day moving average is $33.92. The stock has a market cap of $46.26 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.37 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.29 billion. Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.10 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company that serves Mexican-inspired food, including burritos, bowls, tacos and salads. Customers can customize meals with ingredients such as rice, beans, meats, vegetables, salsas and guacamole. Founded by Steve Ells in Denver, Colorado, in 1993, Chipotle built its business around preparing food in restaurant kitchens and emphasizing ingredients it describes as responsibly sourced. The company primarily operates its own restaurants, rather than relying on a franchise model.