Chipotle Mexican Grill, Inc. $CMG Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA cut its Chipotle stake by 20.9% in the third quarter, selling 50,896 shares and retaining 193,119 shares valued at approximately $6.17 million. Institutional investors collectively own 91.3% of the company.
• Analysts remain broadly positive, with 22 Buy ratings and 10 Holds producing a consensus “Moderate Buy” rating and an average price target of $43.67, despite several recent target reductions.
• Chipotle recently exceeded quarterly expectations with $3.35 billion in revenue and $0.33 earnings per share, but near-term sales and margin trends remain pressured; UBS expects stronger growth from initiatives and investments in 2027.

Banque Pictet & Cie SA lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,119 shares of the restaurant operator's stock after selling 50,896 shares during the quarter. Banque Pictet & Cie SA's holdings in Chipotle Mexican Grill were worth $6,170,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth about $4,417,475,000. Bank of America Corp DE acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $383,483,000. Legal & General Group Plc bought a new stake in Chipotle Mexican Grill in the second quarter valued at about $265,887,000. Man Group plc acquired a new position in Chipotle Mexican Grill in the second quarter worth about $240,389,000. Finally, Bank of New York Mellon Corp acquired a new position in Chipotle Mexican Grill in the second quarter worth about $222,809,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMG. Sanford C. Bernstein restated an "outperform" rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Citigroup lowered their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. TD Cowen reiterated a "buy" rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Twenty-two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $43.67.

Key Headlines Impacting 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 Stock Performance

Shares of NYSE CMG opened at $29.84 on Friday. The stock has a market cap of $37.75 billion, a PE ratio of 27.37, a PEG ratio of 1.83 and a beta of 0.96. The business has a fifty day moving average of $33.97 and a two-hundred day moving average of $33.46. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.74.

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

Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company's stock, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

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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