Capital Group Private Client Services Inc. Sells 40,776 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Capital Group Private Client Services Inc. cut its Chipotle stake by 15.1% in the fourth quarter, selling 40,776 shares and leaving it with 228,691 shares worth about $8.46 million.
• Chipotle reported Q1 earnings of $0.24 per share, matching analyst estimates, while revenue of $3.09 billion slightly topped expectations and rose 7.4% year over year.
• Analyst sentiment remains broadly positive despite recent weakness: JPMorgan upgraded CMG to overweight with a $35 target, and MarketBeat data shows a consensus rating of Moderate Buy with an average target price of $45.48.

Capital Group Private Client Services Inc. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays cut their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, April 30th. 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. BTIG Research reissued a "buy" rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Morgan Stanley set a $37.00 price objective on Chipotle Mexican Grill and gave the company an "equal weight" rating in a report on Wednesday. Finally, Citigroup lifted their price objective on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.48.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $29.39 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The firm has a market cap of $37.70 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The business has a fifty day moving average of $32.86 and a 200-day moving average of $35.20.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Chipotle Mexican Grill News Roundup

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

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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