Chipotle Mexican Grill, Inc. $CMG Stock Holdings Lifted by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 201,241 shares of the restaurant operator’s stock after purchasing an additional 20,276 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $6,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $4,417,475,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Chipotle Mexican Grill by 19.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after acquiring an additional 2,727,762 shares during the period. Amundi increased its stake in shares of Chipotle Mexican Grill by 23.3% in the 1st quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock valued at $383,486,000 after buying an additional 2,266,087 shares during the period. Bank of America Corp DE grew its stake in shares of Chipotle Mexican Grill by 86.1% during the first quarter. Bank of America Corp DE now owns 11,973,752 shares of the restaurant operator’s stock worth $383,280,000 after purchasing an additional 5,541,385 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Chipotle Mexican Grill by 30.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator’s stock worth $368,751,000 after acquiring an additional 2,541,795 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Seaport Research Partners started coverage on Chipotle Mexican Grill in a research report on Wednesday, September 16th. They set a “neutral” rating on the stock. Guggenheim reiterated a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday. DA Davidson reiterated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Argus lifted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, October 9th. Twenty-seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $42.47.

Trending Headlines about Chipotle Mexican Grill

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%

NYSE CMG traded up $2.60 on Thursday, reaching $31.33. The company had a trading volume of 42,432,740 shares, compared to its average volume of 18,084,094. The firm’s 50 day moving average price is $33.20 and its 200 day moving average price is $34.21. Chipotle Mexican Grill, Inc. has a 12 month low of $27.31 and a 12 month high of $41.42. The stock has a market capitalization of $39.65 billion, a PE 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 announced its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. Chipotle Mexican Grill’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction 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.

About Chipotle Mexican Grill

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.