Swiss National Bank Has $124.22 Million Position in Chipotle Mexican Grill, Inc. $CMG

Swiss National Bank raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,880,500 shares of the restaurant operator’s stock after buying an additional 208,200 shares during the period. Swiss National Bank’s holdings in Chipotle Mexican Grill were worth $124,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $224,000. Empowered Funds LLC boosted 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 valued at $1,329,000 after acquiring an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after purchasing an additional 129,066 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill News Summary

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

• Negative Sentiment: Restaurant stocks, including Chipotle, are being dragged lower by renewed food-safety headlines after reports linked a parasite outbreak to lettuce supplied by a vendor used by Taco Bell, stoking broader concern about traffic and sentiment across quick-service chains. Article Title
• Negative Sentiment: Investors are also showing pre-earnings caution ahead of Chipotle’s July 29 second-quarter report, with traders worrying about softer same-store sales and ongoing margin pressure from wage, beef, freight, and produce costs. Article Title
• Neutral Sentiment: Recent market commentary notes CMG has fallen more than the broader market, but the move is largely being described as a technical and sentiment-driven dip rather than a fresh company-specific development. Article Title
• Neutral Sentiment: Some analysts remain constructive on Chipotle, with recent coverage still calling the stock a “Moderate Buy,” which may help limit downside if earnings or traffic trends improve. Article Title

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $33.12 on Tuesday. The business has a fifty day moving average price of $32.62 and a two-hundred day moving average price of $34.86. The company has a market capitalization of $42.48 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $54.20.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMG. Guggenheim lowered their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Morgan Stanley set a $37.00 price target on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. TD Cowen restated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, BNP Paribas Exane boosted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Chipotle Mexican Grill 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.