Capital Group Private Client Services Inc. Has $8.46 Million Position in Chipotle Mexican Grill, Inc. $CMG

Capital Group Private Client Services Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 228,691 shares of the restaurant operator’s stock after selling 40,776 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Chipotle Mexican Grill were worth $8,462,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $224,000. Empowered Funds LLC lifted its holdings in shares of Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after purchasing an additional 129,066 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Raymond James Financial cut their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Guggenheim cut their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. BNP Paribas Exane lifted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, DA Davidson assumed coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 target price on the stock. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.48.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $29.39 on Friday. The stock has a market capitalization of $37.70 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.89 and a beta of 0.99. The stock’s 50 day moving average price is $32.86 and its two-hundred day moving average price is $35.20. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill News Summary

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.