Jacobs & Co. CA Buys 32,872 Shares of Chipotle Mexican Grill, Inc. $CMG

Jacobs & Co. CA boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 305,927 shares of the restaurant operator’s stock after buying an additional 32,872 shares during the period. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $9,774,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $4,417,475,000. Arrowstreet Capital Limited Partnership lifted its holdings in Chipotle Mexican Grill by 19.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after purchasing an additional 2,727,762 shares during the last quarter. Amundi lifted its holdings in Chipotle Mexican Grill by 23.3% during the 1st quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock worth $383,486,000 after purchasing an additional 2,266,087 shares during the last quarter. Bank of America Corp DE acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at $383,483,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Chipotle Mexican Grill by 30.6% in the 2nd 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 valued at $368,751,000 after acquiring an additional 2,541,795 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

More Chipotle Mexican Grill News

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

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill 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 directly owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMG. Piper Sandler lowered their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Morgan Stanley lifted their price objective on Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Bank of America restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 price target (down from $45.00) on shares of Chipotle Mexican Grill in a report on Thursday. Twenty-seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.47.

Chipotle Mexican Grill Trading Up 9.1%

CMG stock traded up $2.60 during mid-day trading on Thursday, reaching $31.33. The company’s stock had a trading volume of 42,432,740 shares, compared to its average volume of 18,084,094. The stock has a market cap of $39.65 billion, a PE ratio of 28.74, a P/E/G ratio of 1.67 and a beta of 0.96. The company’s 50 day moving average is $33.20 and its two-hundred day moving average is $34.21. Chipotle Mexican Grill, Inc. has a fifty-two week low of $27.31 and a fifty-two week high of $41.42.

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 analysts’ consensus estimates of $0.29 by ($0.02). Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 9.6% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.