Chipotle Mexican Grill, Inc. $CMG Stock: Oppenheimer & Co. Inc. Increases Holdings

Key Points

• Oppenheimer & Co. increased its Chipotle stake by 285.1% in the third quarter, acquiring 82,909 additional shares for a total holding of 111,992 shares valued at approximately $3.58 million. Institutional investors and hedge funds own 91.3% of CMG.
• Analysts maintain a generally positive outlook, with 27 Buy ratings and 10 Holds producing a consensus “Moderate Buy” rating and an average price target of $42.44.
• Chipotle’s third-quarter revenue rose 9.6% to $3.29 billion, but adjusted EPS of $0.27 missed estimates and declined year over year, reflecting ongoing cost and margin pressures.

Oppenheimer & Co. Inc. increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 285.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,992 shares of the restaurant operator's stock after acquiring an additional 82,909 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Chipotle Mexican Grill were worth $3,578,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMG. Citizens Financial Group Inc. RI increased its holdings in shares of Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator's stock worth $407,000 after purchasing an additional 311 shares during the period. ANB Bank raised its position in shares of Chipotle Mexican Grill by 5.8% during the first quarter. ANB Bank now owns 6,317 shares of the restaurant operator's stock valued at $202,000 after buying an additional 349 shares during the last quarter. State of Wyoming lifted its stake in shares of Chipotle Mexican Grill by 10.9% in the first quarter. State of Wyoming now owns 3,759 shares of the restaurant operator's stock valued at $120,000 after buying an additional 368 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Chipotle Mexican Grill by 2.9% in the first quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator's stock valued at $425,000 after buying an additional 377 shares during the period. Finally, GM Advisory Group LLC lifted its stake in shares of Chipotle Mexican Grill by 7.2% in the first quarter. GM Advisory Group LLC now owns 6,434 shares of the restaurant operator's stock valued at $206,000 after buying an additional 434 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CMG shares. Seaport Research Partners initiated coverage on Chipotle Mexican Grill in a research report on Wednesday, September 16th. They set a "neutral" rating on the stock. DA Davidson reaffirmed a "buy" rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday. Mizuho reduced their price objective on Chipotle Mexican Grill from $43.00 to $37.00 and set an "outperform" rating for the company in a research report on Friday, October 23rd. Telsey Advisory Group set a $40.00 price objective on Chipotle Mexican Grill in a report on Thursday. Finally, UBS Group reissued a "buy" rating on shares of Chipotle Mexican Grill in a report on Friday, October 9th. Twenty-seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.44.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the company's 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.

Key Stories Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Comparable-sales recovery: Third-quarter comparable restaurant sales rose 2.1%, marking the third consecutive quarter of positive transaction growth. Value offers, limited-time menu items, loyalty initiatives and digital engagement helped bring customers back. Chipotle beats quarterly sales expectations on resilient demand
• Positive Sentiment: Revenue beat expectations: Third-quarter revenue rose 9.6% year over year to $3.29 billion, in line with or slightly above analysts’ expectations, supported by new restaurant openings and higher sales at existing locations. Chipotle Logs Higher Revenue as Same-Restaurant Sales Climb
• Positive Sentiment: Growth initiatives remain intact: Chipotle opened 84 company-owned restaurants in the quarter, had more than 24 million active loyalty members and plans to open as many as 385 locations in 2027. A brisket launch, additional Chipotlanes and technology investments could support future traffic. Chipotle: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst support: DA Davidson and BTIG reaffirmed “buy” ratings with $45 price targets, while Oppenheimer maintained an “outperform” rating and a $51 target. These targets imply substantial upside if the traffic recovery continues.
• Neutral Sentiment: Pricing is offsetting inflation: Chipotle plans approximately 3% menu-price increases in the fourth quarter to offset higher beef, freight and labor expenses. Pricing supports revenue but could test customer demand. Chipotle stock soars after chain reveals menu price increases
• Negative Sentiment: Profitability remains pressured: Adjusted earnings of $0.27 per share fell short of the $0.29 consensus and declined from the prior year, reflecting elevated operating costs and margin pressure. Chipotle earnings miss estimates, but same-store sales increase
• Negative Sentiment: Several target reductions: JPMorgan, KeyBanc, Citigroup, BNP Paribas Exane and Bernstein lowered their price targets, signaling caution about margins and the pace of the recovery, even though most revised targets remain above the current market level.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $31.33 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $27.31 and a 52-week high of $41.42. The business has a fifty day moving average of $33.13 and a two-hundred day moving average of $34.17. The stock has a market cap of $39.65 billion, a PE ratio of 26.36, a PEG ratio of 1.75 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.29 billion. Chipotle Mexican Grill had a return on equity of 56.91% and a net margin of 10.83%. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc NYSE: CMG operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.

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