Chipotle Mexican Grill, Inc. $CMG Stock: TD Waterhouse Canada Inc. Raises Holdings

Key Points

• Institutional ownership increased significantly: TD Waterhouse Canada raised its Chipotle stake by 887% to 672,732 shares, while several other funds also expanded their positions. Institutional investors now own 91.30% of CMG.
• Analysts remain broadly positive but have reduced targets: Chipotle has a “Moderate Buy” consensus rating from 32 analysts, with an average price target of $43.67, although several firms recently lowered their targets amid concerns about near-term momentum.
• Near-term performance faces pressure: Shares opened at $29.84, near the lower end of their 52-week range, as analysts cited softer sales trends and margin concerns. The company’s latest quarter modestly exceeded estimates, with revenue up 9.3% year over year to $3.35 billion.

TD Waterhouse Canada Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 887.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 672,732 shares of the restaurant operator's stock after buying an additional 604,573 shares during the quarter. TD Waterhouse Canada Inc. owned 0.05% of Chipotle Mexican Grill worth $21,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. EP Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth about $948,000. Callan Family Office LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth about $1,406,000. MassMutual Private Wealth & Trust FSB grew its holdings in Chipotle Mexican Grill by 7,051.6% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator's stock worth $7,787,000 after acquiring an additional 240,318 shares during the period. Park National Corp OH raised its position in Chipotle Mexican Grill by 442.1% during the third quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator's stock valued at $9,883,000 after acquiring an additional 252,265 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its position in Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator's stock valued at $9,138,000 after acquiring an additional 77,002 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. DA Davidson boosted their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Stephens dropped their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Thursday. Robert W. Baird reaffirmed a "neutral" rating and set a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Monday, August 24th. Evercore reaffirmed an "outperform" rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, September 29th. Twenty-two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.67.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction that occurred 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 transaction, the insider owned 21,415 shares in the company, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company's stock.

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 Stock Down 2.4%

CMG stock opened at $29.84 on Friday. The company's 50-day simple moving average is $33.97 and its 200-day simple moving average is $33.46. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.74. The firm has a market cap of $37.75 billion, a P/E ratio of 27.37, a PEG ratio of 1.83 and a beta of 0.96.

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

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.

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