Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Kintegral Advisory LLC

Kintegral Advisory LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 547.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,033 shares of the restaurant operator’s stock after buying an additional 56,680 shares during the period. Kintegral Advisory LLC’s holdings in Chipotle Mexican Grill were worth $2,142,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CMG. EP Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $948,000. Callan Family Office LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $1,406,000. MassMutual Private Wealth & Trust FSB increased its holdings in Chipotle Mexican Grill by 7,051.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock valued at $7,787,000 after purchasing an additional 240,318 shares in the last quarter. Park National Corp OH increased its stake in shares of Chipotle Mexican Grill by 442.1% in the 3rd quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock valued at $9,883,000 after buying an additional 252,265 shares during the period. Finally, KMG Fiduciary Partners LLC grew its stake in shares of Chipotle Mexican Grill by 246.4% during the third quarter. KMG Fiduciary Partners LLC now owns 141,389 shares of the restaurant operator’s stock worth $4,517,000 after purchasing an additional 100,569 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill News Summary

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

• Positive Sentiment: Third-quarter revenue rose 9.6% to $3.29 billion, in line with expectations, while comparable-restaurant sales increased 2.1% and transactions grew for the third consecutive quarter. Value offers and limited-time menu items helped attract diners. Chipotle beats quarterly sales expectations on resilient demand
• Positive Sentiment: Investors responded favorably to signs of a traffic recovery following earlier food-safety concerns. New menu launches, refreshed loyalty benefits and plans to accelerate technology and menu innovation are supporting the turnaround. Chipotle Sales Beat as New Chicken, Chips Bring Diners Back
• Positive Sentiment: Chipotle opened 84 company-owned restaurants during the quarter, and its loyalty program surpassed 24 million members, providing additional long-term growth and customer-engagement potential. Chipotle: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts maintained bullish ratings, including DA Davidson and BTIG Research at $45 targets and Oppenheimer at a $51 target, implying substantial upside based on the supplied reference price. Oppenheimer analyst rating
• Neutral Sentiment: Analyst opinion remains mixed: Citigroup kept a Buy rating while cutting its target to $41, whereas BNP Paribas Exane retained Neutral and reduced its target to $36. Bernstein also lowered its target to $43 from $50. Citigroup price target
• Negative Sentiment: Adjusted earnings were $0.27 per share, below the $0.29 consensus and last year’s $0.29, as higher operating costs, beef prices and increased protein usage pressured margins. Chipotle Q3 earnings miss estimates
• Negative Sentiment: Management’s outlook calls for only modestly higher sales, leaving investors dependent on the fourth-quarter brisket launch, continued traffic gains and successful cost management to sustain the recovery. The rest of Chipotle’s year hinges on brisket

Chipotle Mexican Grill Stock Up 9.1%

Shares of NYSE CMG traded up $2.60 on Thursday, reaching $31.33. 42,432,740 shares of the company’s stock traded hands, compared to its average volume of 18,084,094. Chipotle Mexican Grill, Inc. has a 12 month low of $27.31 and a 12 month high of $41.42. The business’s 50 day simple moving average is $33.20 and its two-hundred day simple moving average is $34.21. The company has a market cap of $39.65 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.67 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of a number of recent research reports. Gordon Haskett lowered their target price on Chipotle Mexican Grill from $42.00 to $36.00 and set a “hold” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 target price (down from $45.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $51.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. Mizuho cut their target price on Chipotle Mexican Grill from $43.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $43.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday. Twenty-seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $42.47.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.