Hanson & Doremus Investment Management Buys New Stake in Chipotle Mexican Grill, Inc. $CMG

Hanson & Doremus Investment Management acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,986 shares of the restaurant operator’s stock, valued at approximately $671,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Chipotle Mexican Grill in the second quarter valued at $4,417,475,000. Arrowstreet Capital Limited Partnership lifted its position in Chipotle Mexican Grill by 19.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock valued at $527,469,000 after purchasing an additional 2,727,762 shares during the last quarter. Amundi boosted its stake in shares of Chipotle Mexican Grill by 23.3% during the first quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock valued at $383,486,000 after purchasing an additional 2,266,087 shares during the period. Bank of America Corp DE grew its holdings in Chipotle Mexican Grill by 86.1% in the 1st 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chipotle Mexican Grill by 30.6% during 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 valued at $368,751,000 after acquiring an additional 2,541,795 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMG. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Mizuho reaffirmed an “outperform” rating and issued a $43.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. JPMorgan Chase & Co. lowered their price target on Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, Morgan Stanley increased their price objective on shares of Chipotle Mexican Grill from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday. Twenty-two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $43.67.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction on Friday, August 21st. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.4%

NYSE:CMG opened at $29.84 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.74. The stock has a 50-day moving average price of $33.97 and a 200 day moving average price of $33.46. The stock has a market capitalization of $37.75 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.87 and a beta of 0.96.

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

Key Headlines Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Raymond James maintained an “outperform” rating while lowering its price target from $42.50 to $37.00. The revised target still implies substantial upside from recent trading levels, suggesting the firm views the recent decline as excessive. Raymond James lowers Chipotle price target
• Positive Sentiment: Morgan Stanley raised its price target from $39 to $40, although it retained an “equal weight” rating. The move indicates modestly improved valuation expectations.
• Positive Sentiment: UBS expects Chipotle’s sales growth to strengthen in 2027, supported by new initiatives and investments intended to increase customer traffic and engagement. Historical performance also offers a potential seasonal catalyst: shares produced double-digit fourth-quarter returns in 2020 and 2023. History says Q4 will bring for Chipotle stock
• Neutral Sentiment: Restaurant chains, including Chipotle, are adjusting portion sizes, menu formats and pricing strategies as consumers become more price-conscious. These changes could support traffic but may also affect average checks and margins. Restaurant chains adjust menu strategies
• Negative Sentiment: UBS projects broadly in-line third-quarter sales, including same-store sales growth of 1.5%, but warns that weaker trends entering the fourth quarter could pressure near-term results. Sales growth and restaurant margins remain challenged ahead of the expected 2027 recovery. UBS outlook for Chipotle
• Negative Sentiment: Stephens lowered its price target from $40 to $38 and kept an “equal weight” rating, reinforcing concerns about limited near-term operating momentum.

Chipotle Mexican Grill 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.