Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Goelzer Investment Management Inc.

Key Points

• Goelzer Investment Management increased its Chipotle stake by 837.3% in the third quarter, acquiring 50,235 additional shares for a total holding of 56,235 shares valued at approximately $1.8 million.
• Institutional investors own 91.3% of Chipotle, while insiders hold just 0.45%; insider Matthew Bush recently sold 2,675 shares for about $95,631.
• Chipotle shares opened at $29.84, near their 12-month low, despite the company beating quarterly earnings and revenue estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $43.67, though some have lowered targets amid near-term sales and margin concerns.

Goelzer Investment Management Inc. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 837.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,235 shares of the restaurant operator's stock after acquiring an additional 50,235 shares during the quarter. Goelzer Investment Management Inc.'s holdings in Chipotle Mexican Grill were worth $1,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $28,000. Meeder Asset Management Inc. acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $27,000. Kelleher Financial Advisors bought a new position in Chipotle Mexican Grill during the 2nd quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company's stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by insiders.

Trending Headlines about Chipotle Mexican Grill

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

• Positive Sentiment: Raymond James maintained an “outperform” rating while lowering its price target from $42.50 to $37.00. The revised target still implies substantial upside from recent trading levels, suggesting the firm views the recent decline as excessive. Raymond James lowers Chipotle price target
• Positive Sentiment: Morgan Stanley raised its price target from $39 to $40, although it retained an “equal weight” rating. The move indicates modestly improved valuation expectations.
• Positive Sentiment: UBS expects Chipotle’s sales growth to strengthen in 2027, supported by new initiatives and investments intended to increase customer traffic and engagement. Historical performance also offers a potential seasonal catalyst: shares produced double-digit fourth-quarter returns in 2020 and 2023. History says Q4 will bring for Chipotle stock
• Neutral Sentiment: Restaurant chains, including Chipotle, are adjusting portion sizes, menu formats and pricing strategies as consumers become more price-conscious. These changes could support traffic but may also affect average checks and margins. Restaurant chains adjust menu strategies
• Negative Sentiment: UBS projects broadly in-line third-quarter sales, including same-store sales growth of 1.5%, but warns that weaker trends entering the fourth quarter could pressure near-term results. Sales growth and restaurant margins remain challenged ahead of the expected 2027 recovery. UBS outlook for Chipotle
• Negative Sentiment: Stephens lowered its price target from $40 to $38 and kept an “equal weight” rating, reinforcing concerns about limited near-term operating momentum.

Chipotle Mexican Grill Trading Down 2.4%

Shares of NYSE CMG opened at $29.84 on Friday. The company has a market capitalization of $37.75 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.74. The business has a 50 day simple moving average of $33.97 and a 200-day simple moving average of $33.46.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on CMG shares. BTIG Research reissued a "buy" rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. DA Davidson upped their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Argus upped their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 29th. Finally, Piper Sandler reduced their price target on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Twenty-two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.67.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.