395,244 Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,324.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,133 shares of the restaurant operator’s stock after buying an additional 395,244 shares during the period. Mather Group LLC.’s holdings in Chipotle Mexican Grill were worth $13,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Groupama Asset Managment grew its stake in Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after acquiring an additional 291 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 311 shares in the last quarter. ANB Bank grew its position in Chipotle Mexican Grill by 5.8% in the first quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock valued at $202,000 after acquiring an additional 349 shares in the last quarter. State of Wyoming grew its position in shares of Chipotle Mexican Grill by 10.9% during the first quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after buying an additional 368 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in Chipotle Mexican Grill by 2.9% in the first quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock worth $425,000 after purchasing an additional 377 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill News Summary

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

• Positive Sentiment: Third-quarter revenue rose 9.6% to $3.29 billion, in line with expectations, while comparable-restaurant sales increased 2.1% and transactions grew for the third consecutive quarter. Value offers and limited-time menu items helped attract diners. Chipotle beats quarterly sales expectations on resilient demand
• Positive Sentiment: Investors responded favorably to signs of a traffic recovery following earlier food-safety concerns. New menu launches, refreshed loyalty benefits and plans to accelerate technology and menu innovation are supporting the turnaround. Chipotle Sales Beat as New Chicken, Chips Bring Diners Back
• Positive Sentiment: Chipotle opened 84 company-owned restaurants during the quarter, and its loyalty program surpassed 24 million members, providing additional long-term growth and customer-engagement potential. Chipotle: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained bullish ratings, including DA Davidson and BTIG Research at $45 targets and Oppenheimer at a $51 target, implying substantial upside based on the supplied reference price. Oppenheimer analyst rating
• Neutral Sentiment: Analyst opinion remains mixed: Citigroup kept a Buy rating while cutting its target to $41, whereas BNP Paribas Exane retained Neutral and reduced its target to $36. Bernstein also lowered its target to $43 from $50. Citigroup price target
• Negative Sentiment: Adjusted earnings were $0.27 per share, below the $0.29 consensus and last year’s $0.29, as higher operating costs, beef prices and increased protein usage pressured margins. Chipotle Q3 earnings miss estimates
• Negative Sentiment: Management’s outlook calls for only modestly higher sales, leaving investors dependent on the fourth-quarter brisket launch, continued traffic gains and successful cost management to sustain the recovery. The rest of Chipotle’s year hinges on brisket

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler reduced their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Robert W. Baird cut their target price on Chipotle Mexican Grill from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Seaport Research Partners assumed coverage on Chipotle Mexican Grill in a research note on Wednesday, September 16th. They issued a “neutral” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price target (down from $45.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Finally, Morgan Stanley upped their price target on Chipotle Mexican Grill from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Twenty-seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.47.

Chipotle Mexican Grill Stock Up 9.1%

CMG traded up $2.60 on Thursday, reaching $31.33. The company had a trading volume of 42,432,740 shares, compared to its average volume of 18,084,094. The stock has a 50-day moving average price of $33.20 and a 200-day moving average price of $34.21. The stock has a market capitalization of $39.65 billion, a PE ratio of 28.74, a P/E/G ratio of 1.67 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 1 year low of $27.31 and a 1 year high of $41.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.29 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’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 earned $0.29 earnings per share. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.