Chipotle Mexican Grill, Inc. $CMG Stock Acquired by Jacobs & Co. CA

Jacobs & Co. CA increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.0% in the third quarter, Holdings Channel reports. The firm owned 305,927 shares of the restaurant operator’s stock after purchasing an additional 32,872 shares during the quarter. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $9,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $26,000. Osbon Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $28,000. Meeder Asset Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $27,000. Kelleher Financial Advisors bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $28,000. 91.30% of the stock is owned by institutional investors.

Key Stories Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Starbucks has reportedly worked with advisers on a potential acquisition of Chipotle, a transaction that could value the burrito chain at roughly $39 billion to $41 billion. A formal bid could provide CMG shareholders with a takeover premium and support the stock’s valuation. The report is particularly notable because Starbucks CEO Brian Niccol previously led Chipotle. Why a Starbucks takeover of Chipotle would — and wouldn’t — make sense for both companies
• Positive Sentiment: CMG shares initially rallied sharply on the takeover reports, reflecting expectations that Starbucks could offer a meaningful premium. However, the absence of a confirmed proposal means the gains remain largely speculation-driven. Chipotle Stocks Rallies on Report Starbucks Might Buy the Burrito Chain
• Neutral Sentiment: Chipotle’s upcoming third-quarter earnings report is another near-term catalyst. Analysts currently expect earnings per share to be roughly unchanged from the prior year, suggesting the stock may need solid sales, restaurant-opening and margin commentary to sustain investor interest. Earnings Preview: What to Expect From Chipotle Mexican Grill’s Report
• Negative Sentiment: Investors are increasingly focused on the risks of a potential transaction, including Starbucks’ financing burden, integration challenges and the possibility that the deal could distract management from its own turnaround. Those concerns, combined with profit-taking after the initial takeover-driven rally and the lack of a firm offer, help explain why CMG has since decreased. Starbucks Explores CMG Deal: Smart Move or Costly Gamble?

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Bank of America reissued a “buy” rating and set a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Argus raised their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, Citigroup decreased their price target on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 13th. Twenty-three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.91.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $31.64 on Friday. The firm has a market capitalization of $40.03 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.00 and a beta of 0.96. The business has a 50 day simple moving average of $34.38 and a 200 day simple moving average of $33.53. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider directly owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.

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.