Connor Clark & Lunn Investment Management Ltd. Takes Position in Chipotle Mexican Grill, Inc. $CMG

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 203,070 shares of the restaurant operator's stock, valued at approximately $6,904,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $27,000. Osbon Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Insider Activity at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company's stock.

Chipotle Mexican Grill Trading Down 0.4%

Shares of CMG opened at $37.29 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.94. The firm has a market capitalization of $47.19 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.38 and a beta of 0.94. The firm has a 50-day moving average price of $34.12 and a 200 day moving average price of $33.93.

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, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMG. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. BNP Paribas Exane boosted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Robert W. Baird restated a "neutral" rating and issued a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday. DA Davidson lifted their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, BTIG Research reissued a "buy" rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Twenty-three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.84.

More Chipotle Mexican Grill News

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

• Positive Sentiment: Chipotle is offering free double protein on August 27 with code PROTEIN as its Honey Chicken promotion enters its final week. The one-day offer could boost digital orders, restaurant traffic and customer engagement, although the discount may limit the immediate margin benefit. Chipotle free double protein promotion
• Neutral Sentiment: Robert W. Baird reaffirmed a Neutral rating, with reports indicating a lower price target of $40 from $44. The change suggests the firm sees limited risk-adjusted upside after CMG’s recent advance, rather than a sharply bearish outlook. Baird neutral rating on Chipotle
• Negative Sentiment: CEO Scott Boatwright sold 31,522 shares valued at approximately $1.1 million, equal to about 9% of his pre-sale holdings. The transaction may weigh on sentiment, though the filing does not by itself establish that management expects the stock to fall. Chipotle CEO stock sale
• Negative Sentiment: CFO Adam Rymer disposed of 9,276 shares for roughly $327,000, representing 10% of his prior equity holdings. The sale was described as non-discretionary, which reduces its bearish significance, but it adds to the recent insider-selling narrative. Chipotle CFO stock sale
• Negative Sentiment: Insider Matthew Bush also sold 2,675 shares for approximately $95,631, reducing his position by 11.1%. Multiple insider dispositions can reinforce profit-taking concerns, even when individual sales may be routine. Chipotle insider sale
• Negative Sentiment: Recent analysis says CMG may be fully valued following strong promotional sales, international expansion and expectations for a Saudi Arabia debut. Analysts also flag elevated costs and the possibility that Chipotle will need greater marketing or operating investment to sustain slower growth, potentially pressuring margins.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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