Chipotle Mexican Grill, Inc. $CMG Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,056,521 shares of the restaurant operator’s stock after selling 122,806 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Chipotle Mexican Grill were worth $33,819,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. Capital World Investors increased its holdings in Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after purchasing an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares during the last quarter. Capital International Investors raised its position in Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Finally, Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Mizuho lifted their price objective on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. DA Davidson increased their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings cut Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 24th. Stephens reaffirmed a “positive” rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Finally, Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, May 5th. Twenty-four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.98.

Chipotle Mexican Grill Trading Down 3.1%

Chipotle Mexican Grill stock opened at $37.31 on Friday. The company has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $34.62. The stock has a market cap of $47.86 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $44.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating 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 firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Key Chipotle Mexican Grill News

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

• Positive Sentiment: Chipotle reported second-quarter adjusted EPS of $0.33, slightly above the $0.32 consensus, while revenue rose 9.3% year over year to $3.35 billion, broadly ahead of expectations. Chipotle Mexican Grill Stock Rallies as Q2 Results Top Fears, Guidance Rises
• Positive Sentiment: Comparable restaurant sales increased 2.2%, supported by improving customer traffic, menu innovation, digital engagement and restaurant expansion. Management raised its full-year comparable-sales outlook, signaling confidence that momentum is continuing. Chipotle shares rise on quarterly earnings beat, raised outlook
• Positive Sentiment: Analysts remained constructive following the results. DA Davidson raised its price target to $50 and maintained a Buy rating, while BTIG, TD Cowen and Mizuho also retained positive recommendations; Mizuho lifted its target to $43.
• Neutral Sentiment: Unusually heavy call-option activity and multiple price-target revisions indicate heightened investor interest, but these signals can also contribute to short-term volatility rather than establish a lasting trend.
• Negative Sentiment: Management said sales softened late in July amid consumer concerns about a cyclospora outbreak, although Chipotle stated it was not involved in the outbreak. The traffic disruption has raised questions about the durability of the recovery. Chipotle lifts its sales forecast even as a lettuce-linked outbreak slows foot traffic
• Negative Sentiment: Investors also remain concerned about labor and other operating costs pressuring margins. Piper Sandler lowered its target to $39 and Morgan Stanley and Stephens kept more cautious equal-weight ratings, limiting the stock’s upside after its sharp earnings-related advance.

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.