Kentucky Retirement Systems Has $82,000 Stake in Chipotle Mexican Grill, Inc. $CMG

Kentucky Retirement Systems lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 97.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,555 shares of the restaurant operator’s stock after selling 81,663 shares during the quarter. Kentucky Retirement Systems’ holdings in Chipotle Mexican Grill were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $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, Rule One Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $32,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Key Headlines Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Chipotle reported second-quarter adjusted EPS of $0.33, slightly above the $0.32 consensus, while revenue rose 9.3% year over year to $3.35 billion, broadly ahead of expectations. Chipotle Mexican Grill Stock Rallies as Q2 Results Top Fears, Guidance Rises
• Positive Sentiment: Comparable restaurant sales increased 2.2%, supported by improving customer traffic, menu innovation, digital engagement and restaurant expansion. Management raised its full-year comparable-sales outlook, signaling confidence that momentum is continuing. Chipotle shares rise on quarterly earnings beat, raised outlook
• Positive Sentiment: Analysts remained constructive following the results. DA Davidson raised its price target to $50 and maintained a Buy rating, while BTIG, TD Cowen and Mizuho also retained positive recommendations; Mizuho lifted its target to $43.
• Neutral Sentiment: Unusually heavy call-option activity and multiple price-target revisions indicate heightened investor interest, but these signals can also contribute to short-term volatility rather than establish a lasting trend.
• Negative Sentiment: Management said sales softened late in July amid consumer concerns about a cyclospora outbreak, although Chipotle stated it was not involved in the outbreak. The traffic disruption has raised questions about the durability of the recovery. Chipotle lifts its sales forecast even as a lettuce-linked outbreak slows foot traffic
• Negative Sentiment: Investors also remain concerned about labor and other operating costs pressuring margins. Piper Sandler lowered its target to $39 and Morgan Stanley and Stephens kept more cautious equal-weight ratings, limiting the stock’s upside after its sharp earnings-related advance.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $37.31 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $44.27. The firm has a market cap of $47.86 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.41 and a beta of 0.97. The company has a fifty day moving average price of $32.85 and a 200-day moving average price of $34.62.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMG shares. DA Davidson increased their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley upped their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Evercore restated an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Twenty-four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $43.98.

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.