Danske Bank A S purchased a new stake in 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 purchased 749,218 shares of the restaurant operator’s stock, valued at approximately $25,473,000. Danske Bank A S owned about 0.06% of Chipotle Mexican Grill at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. BlackRock Inc. acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $4,417,475,000. Capital World Investors raised its holdings in Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after purchasing an additional 9,237,720 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Chipotle Mexican Grill by 17.7% in the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. 91.30% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Guggenheim reaffirmed a “neutral” rating and issued a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. DA Davidson lifted their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Sanford C. Bernstein restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Mizuho upped their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Twenty-four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $44.16.
Chipotle Mexican Grill News Summary
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Accelerating same-store sales are encouraging after several quarters of weak performance. A sustained improvement in comparable sales could strengthen expectations for Chipotle’s revenue growth, earnings leverage and long-term restaurant expansion. This Growth Stock Reported Accelerating Same-Store Sales: Here’s What That Means for Long-Term Investors
- Positive Sentiment: Chipotle’s international expansion, including its planned Saudi Arabia entry with Alshaya Group, gives investors another potential growth avenue beyond the U.S. market. Successful overseas execution could support the company’s long-term unit-growth targets. What Does Global Expansion Mean for Chipotle
- Positive Sentiment: Call-option volume was unusually high, with traders purchasing 62,143 calls—about 25% above average. This indicates increased bullish speculative interest, although options activity does not guarantee a sustained stock advance.
- Neutral Sentiment: A limited-time Salish Matter kids-meal collaboration is designed to increase engagement with Gen Alpha and families through social-media marketing. It may improve brand awareness and customer traffic, but the near-term financial effect is likely modest. Chipotle broadens Gen Alpha marketing with Salish Matter collaboration
- Neutral Sentiment: Long-range discussions about where CMG could trade in five years emphasize the company’s expansion and earnings potential, but the outcome depends on comparable-sales momentum, new-store productivity and valuation. Where Will Chipotle Mexican Grill’s Stock Be in 5 Years?
- Negative Sentiment: Food-safety lawsuits related to a reported multistate Salmonella outbreak could create legal costs, reputational damage and traffic pressure, adding execution risk as Chipotle expands internationally. Does Chipotle Balancing Food Safety Lawsuits With Global Expansion Reshape Its Risk-Reward Profile?
- Negative Sentiment: A discounted-cash-flow analysis suggests CMG may be about 24% overvalued despite its Saudi Arabia plans. That valuation risk could limit upside if growth does not accelerate enough to justify the premium multiple. Chipotle Stock Could Be 24% Overvalued Despite Saudi Arabia Opening
Chipotle Mexican Grill Trading Up 3.7%
Shares of NYSE CMG opened at $34.59 on Thursday. The firm has a market capitalization of $43.78 billion, a P/E ratio of 31.74, a P/E/G ratio of 2.13 and a beta of 0.94. The firm’s 50-day moving average price is $33.63 and its 200-day moving average price is $34.00. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $43.99.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued 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 company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current 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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