Cibc World Market Inc. Has $6.95 Million Position in Chipotle Mexican Grill, Inc. $CMG

Cibc World Market Inc. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 187,848 shares of the restaurant operator’s stock after selling 46,955 shares during the quarter. Cibc World Market Inc.’s holdings in Chipotle Mexican Grill were worth $6,950,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $25,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $25,000. Murphy & Mullick Capital Management Corp grew its holdings in Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $31,000. Finally, Ameriflex Group Inc. grew its holdings in Chipotle Mexican Grill by 109.4% during the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 465 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $29.39 on Monday. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $58.42. The firm has a 50-day moving average price of $32.86 and a two-hundred day moving average price of $35.23.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Guggenheim decreased their price target on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays cut their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Key Stories Impacting Chipotle Mexican Grill

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

• Positive Sentiment: JPMorgan upgraded Chipotle Mexican Grill (CMG) to overweight and assigned a $35 price target, signaling meaningful upside from recent levels. Benzinga
• Positive Sentiment: Chipotle’s refreshed Rewards program is showing growth, with loyalty now making up 32% of sales and enrollments rising 25%, which could support traffic and repeat purchases. Can Chipotle Convert Rewards Growth Into Stronger Traffic?
• Positive Sentiment: Several recent articles argue Chipotle’s weakness may reflect a cyclical trough rather than a structural decline, with some analysts seeing recovery potential from current price levels. Chipotle: The Trough Is Not The Trend
• Neutral Sentiment: Chipotle also ran a marketing promotion tied to NBA milestones, offering free entrees, which may help engagement but is not a major fundamental driver. Chipotle nods to NBA milestones to dole out 53K free entrees
• Neutral Sentiment: One article noted that CMG had fallen the prior day despite broader market gains, underscoring recent volatility rather than a new company-specific problem. Chipotle Mexican Grill (CMG) Stock Drops Despite Market Gains: Important Facts to Note

Chipotle Mexican Grill Profile

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.