Chipotle Mexican Grill, Inc. $CMG Stock: Montrusco Bolton Investments Inc. Reduces Holdings

Montrusco Bolton Investments Inc. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,462,514 shares of the restaurant operator’s stock after selling 632,840 shares during the period. Chipotle Mexican Grill comprises approximately 1.3% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 24th largest position. Montrusco Bolton Investments Inc.’s holdings in Chipotle Mexican Grill were worth $78,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. BlackRock Inc. acquired a new position in Chipotle Mexican Grill during the second quarter worth $4,417,475,000. Bank of America Corp DE acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $383,483,000. Legal & General Group Plc acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $265,887,000. Man Group plc purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $240,389,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $222,809,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.0%

CMG traded up $0.01 on Tuesday, hitting $30.41. 16,203,783 shares of the company were exchanged, compared to its average volume of 17,745,688. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81. The company has a market cap of $38.48 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The firm has a 50-day moving average price of $34.17 and a two-hundred day moving average price of $33.50.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results 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. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. Chipotle Mexican Grill’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CMG shares. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Bank of America reaffirmed a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, September 1st. Seaport Research Partners began coverage on Chipotle Mexican Grill in a research report on Wednesday, September 16th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Finally, Piper Sandler reduced their price target on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.91.

More Chipotle Mexican Grill News

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

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.