Chipotle Mexican Grill, Inc. $CMG Stock Position Lowered by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,462,514 shares of the restaurant operator’s stock after selling 632,840 shares during the period. Chipotle Mexican Grill accounts for about 1.3% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc. owned 0.19% of Chipotle Mexican Grill worth $78,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $4,417,475,000. Bank of America Corp DE purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $383,483,000. Legal & General Group Plc purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $265,887,000. Man Group plc acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $240,389,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $222,809,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill News Summary

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

• Positive Sentiment: European expansion could support longer-term growth. Strong comparable sales in Europe and improving restaurant-level economics may allow Chipotle to accelerate new restaurant openings and revenue growth in 2027 and beyond. Chipotle’s European Expansion: Can Strong Comps Fuel 2027 Growth?
• Positive Sentiment: Analysts continue to highlight Chipotle’s sales and cash-flow profile. The company was included among sales-growth stocks viewed favorably as third-quarter earnings season begins, supported by growth, cash generation and valuation considerations. 3 Sales Growth Stocks to Buy as Q3 Earnings Get Underway
• Positive Sentiment: Digital investment remains a potential growth catalyst. Morningstar believes Chipotle’s roughly $4 billion in planned capital investment could support expansion and sales growth, although margins may remain under pressure. CMG Stock Ticks Higher Overnight: Chipotle’s Digital Strategy Could Support Growth Despite Margin Squeeze
• Neutral Sentiment: Shares are testing a technically important support level near $30. Chipotle has bounced from this area several times since 2021, but its roughly 23% decline over the past year shows that investors may need evidence of improving fundamentals before a sustained recovery. Can Chipotle Stock Bounce Off The Current Support?
• Neutral Sentiment: A large promotional campaign generated publicity but is unlikely to materially affect earnings. Chipotle launched a limited-edition, 170-liter “Big Ass Chipotle Bag” to promote its Family Meals offering and engage Rewards members. Chipotle Goes Big for Family Meals With the Big Ass Chipotle Bag
• Negative Sentiment: Starbucks denied plans to acquire Chipotle. The denial ended merger speculation and removed a potential takeover premium, prompting investors to reassess CMG based solely on its operating outlook. Starbucks Says It Is Not Buying Chipotle After Takeover Speculation

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.01 during midday trading on Tuesday, reaching $30.41. 16,203,783 shares of the stock were exchanged, compared to its average volume of 17,745,688. The stock has a market capitalization of $38.48 billion, a P/E ratio of 27.89, a PEG ratio of 1.93 and a beta of 0.96. The company has a 50 day simple moving average of $34.17 and a 200 day simple moving average of $33.50. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. TD Cowen restated a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Morgan Stanley lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, Stephens restated a “positive” rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $43.91.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.