Sanctuary Advisors LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 65,964 shares of the restaurant operator’s stock, valued at approximately $2,243,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $27,000. Osbon Capital Management LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill in the first quarter worth $28,000. Institutional investors 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 is offering free double protein on August 27 with code PROTEIN as its Honey Chicken promotion enters its final week. The one-day offer could boost digital orders, restaurant traffic and customer engagement, although the discount may limit the immediate margin benefit. Chipotle free double protein promotion
- Neutral Sentiment: Robert W. Baird reaffirmed a Neutral rating, with reports indicating a lower price target of $40 from $44. The change suggests the firm sees limited risk-adjusted upside after CMG’s recent advance, rather than a sharply bearish outlook. Baird neutral rating on Chipotle
- Negative Sentiment: CEO Scott Boatwright sold 31,522 shares valued at approximately $1.1 million, equal to about 9% of his pre-sale holdings. The transaction may weigh on sentiment, though the filing does not by itself establish that management expects the stock to fall. Chipotle CEO stock sale
- Negative Sentiment: CFO Adam Rymer disposed of 9,276 shares for roughly $327,000, representing 10% of his prior equity holdings. The sale was described as non-discretionary, which reduces its bearish significance, but it adds to the recent insider-selling narrative. Chipotle CFO stock sale
- Negative Sentiment: Insider Matthew Bush also sold 2,675 shares for approximately $95,631, reducing his position by 11.1%. Multiple insider dispositions can reinforce profit-taking concerns, even when individual sales may be routine. Chipotle insider sale
- Negative Sentiment: Recent analysis says CMG may be fully valued following strong promotional sales, international expansion and expectations for a Saudi Arabia debut. Analysts also flag elevated costs and the possibility that Chipotle will need greater marketing or operating investment to sustain slower growth, potentially pressuring margins.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on CMG
Insiders Place Their Bets
In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the 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 completion of the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by corporate insiders.
Chipotle Mexican Grill Price Performance
Shares of NYSE CMG opened at $37.29 on Thursday. The stock has a market capitalization of $47.19 billion, a PE ratio of 34.21, a P/E/G ratio of 2.38 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.94. The business’s fifty day moving average price is $34.12 and its 200-day moving average price is $33.93.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal 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.
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