Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,452,596 shares of the restaurant operator's stock after buying an additional 703,402 shares during the period. Assenagon Asset Management S.A. owned about 0.51% of Chipotle Mexican Grill worth $206,160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. MV Capital Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $26,000. Osbon Capital Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $28,000. Meeder Asset Management Inc. purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $27,000. Kelleher Financial Advisors purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth approximately $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday. Weiss Ratings raised Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Argus boosted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Seaport Research Partners initiated coverage on Chipotle Mexican Grill in a report on Wednesday, September 16th. They issued a "neutral" rating on the stock. Finally, BTIG Research restated a "buy" rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Twenty-two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.87.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $30.54 on Friday. The firm has a market capitalization of $38.65 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.87 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $42.74. The business has a 50 day simple moving average of $34.03 and a 200-day simple moving average of $33.49.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. Chipotle Mexican Grill's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.45% of the company's stock.

Key Chipotle Mexican Grill News

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

• Positive Sentiment: Analyst target remains well above the current level. Morgan Stanley raised its price target for Chipotle from $39 to $40 while maintaining an “equal weight” rating, implying substantial potential upside if operating trends improve. Morgan Stanley price target report
• Positive Sentiment: International growth provides a potential catalyst. Chipotle’s European restaurants delivered high-single-digit comparable-sales growth in the second quarter, supporting plans to accelerate expansion. Zacks also cited expectations for earnings growth to strengthen in 2027. Zacks Analyst Blog Highlights Chipotle
• Positive Sentiment: New menu formats could support traffic. Chipotle is testing larger portion-oriented offerings, including the limited-time “Big Ass Chipotle Bag,” as restaurant chains adapt menus to attract value-conscious consumers. Chipotle Introduces Limited-Offer Big Ass Chipotle Bag
• Neutral Sentiment: Analysts see limited near-term upside but longer-term recovery potential. Morgan Stanley and Stephens both retain “equal weight” ratings. Stephens lowered its price target from $40 to $38, while UBS expects third-quarter same-store sales growth of about 1.5%, broadly in line with expectations, and stronger growth in 2027. UBS Chipotle Outlook
• Negative Sentiment: Near-term sales and margin pressures remain the main risk. UBS expects weaker trends at the beginning of the fourth quarter, which could weigh on comparable sales and restaurant margins ahead of Chipotle’s October 28 earnings report. The stock has already fallen significantly over the past month despite no new company results. How Risky Is Chipotle Stock

Chipotle Mexican Grill 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.

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