NewEdge Advisors LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. $CMG

NewEdge Advisors LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.9% in the first quarter, Holdings Channel reports. The institutional investor owned 150,217 shares of the restaurant operator’s stock after purchasing an additional 33,689 shares during the period. NewEdge Advisors LLC’s holdings in Chipotle Mexican Grill were worth $4,808,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $224,000. Empowered Funds LLC raised its holdings in Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

More Chipotle Mexican Grill News

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

• Positive Sentiment: Analysts continue to see meaningful upside in Chipotle Mexican Grill (CMG), with estimates cited at roughly 22% above the recent share price. However, that optimism is being weighed against rising costs and cautious consumer spending. Wall Street Sees 22% Upside in Chipotle
• Positive Sentiment: Chipotle raised its guidance despite elevated inflation and slower economic growth, suggesting management remains confident in demand and operating performance. Persistent inflation could still pressure restaurant margins and consumer budgets. Inflation Hasn’t Disappeared, Yet Chipotle Raised Guidance
• Positive Sentiment: The return of Chipotle IQ, featuring more than $1 million in rewards, daily streaks and a new card game, is intended to increase engagement with Rewards members and support customer frequency. Chipotle IQ Returns
• Neutral Sentiment: Reports about Bill Ackman, Cava Group and Craveworthy Brands’ Taïm restaurants are unrelated to Chipotle’s operations and are unlikely to directly affect CMG shares.
• Negative Sentiment: The Salmonella investigation linked to fresh jalapeños has intensified investor concern about food safety, possible restaurant disruption, litigation costs and damage to Chipotle’s brand. What’s Going On With Chipotle Stock
• Negative Sentiment: A Minnesota federal lawsuit tied to the reported outbreak creates additional legal exposure, while a separate shareholder-fraud investigation alleges Chipotle may have made misleading disclosures. These developments could weigh on sentiment and valuation. Chipotle Faces Salmonella Lawsuit CMG Investor Fraud Investigation

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. Evercore reissued an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Stephens reaffirmed a “positive” rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Piper Sandler cut their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Finally, Morgan Stanley boosted 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, July 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.16.

Chipotle Mexican Grill Stock Down 0.6%

Shares of CMG stock opened at $31.94 on Wednesday. The company has a 50 day moving average price of $33.14 and a 200-day moving average price of $34.27. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $44.27. The firm has a market capitalization of $40.42 billion, a PE ratio of 29.31, a P/E/G ratio of 2.05 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

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.