Foster Victor Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 42.9% in the third quarter, Holdings Channel reports. The firm owned 209,431 shares of the restaurant operator’s stock after purchasing an additional 62,923 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $8,746,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of CMG. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill during the first quarter worth about $27,000. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill during the second quarter worth about $28,000. Finally, Lavaca Capital LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill Stock Performance
Shares of Chipotle Mexican Grill stock opened at $37.64 on Friday. The firm has a market cap of $49.77 billion, a PE ratio of 33.31, a P/E/G ratio of 3.84 and a beta of 0.99. The business’s 50 day simple moving average is $35.22 and its 200 day simple moving average is $42.44. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $62.88.
Key Stores Impacting Chipotle Mexican Grill
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Chipotle is launching a first‑ever High Protein Menu (rollout Dec. 23) that includes grab‑and‑go “High Protein Cups” (chicken or steak), bowls with 15–81g of protein and a Single Chicken Taco from $3.50 — a move designed to capture snack occasions, boost visit frequency and appeal to the protein trend. CHIPOTLE UNVEILS ITS FIRST-EVER HIGH PROTEIN MENU
- Positive Sentiment: Company milestone and capital return: coverage highlights Chipotle’s 4,000th store milestone and a new $1.8 billion buyback plan — buybacks can reduce float, support EPS and signal management confidence in the business. Chipotle Mexican Grill (CMG): Valuation Check After 4,000th Store Milestone and New $1.8 Billion Buyback
- Neutral Sentiment: Analyst and market‑interest pieces note CMG is a trending stock and review valuation/compound growth metrics — useful context but not new company guidance. Monitor how analysts update models after the product rollout. Chipotle Mexican Grill (CMG) Surpasses Market Returns: Some Facts Worth Knowing
- Neutral Sentiment: Long‑term performance writeups show strong historical returns for CMG shareholders, which supports the stock’s growth narrative but is backward‑looking and less relevant to near‑term moves. $1000 Invested In Chipotle Mexican Grill 10 Years Ago Would Be Worth This Much Today
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CMG. BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a research report on Thursday, October 30th. Northcoast Research cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley dropped their target price on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.81.
View Our Latest Research Report on Chipotle Mexican Grill
About Chipotle Mexican Grill
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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