Frank Rimerman Advisors LLC Makes New $1.26 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Frank Rimerman Advisors acquired 39,323 Chipotle shares worth approximately $1.26 million during the third quarter, while institutional investors collectively own 91.3% of the company.
• Chipotle reported quarterly revenue of $3.35 billion and adjusted earnings of $0.33 per share, slightly beating analyst expectations; revenue increased 9.3% year over year.
• The stock recently traded near $29.84, well below its 52-week high of $42.74. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $43.67, although several firms have recently reduced targets amid concerns about near-term sales momentum.

Frank Rimerman Advisors LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 39,323 shares of the restaurant operator's stock, valued at approximately $1,256,000.

Several other large investors have also recently bought and sold shares of CMG. BlackRock Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $4,417,475,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Chipotle Mexican Grill by 19.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator's stock valued at $527,469,000 after purchasing an additional 2,727,762 shares in the last quarter. Amundi increased its holdings in shares of Chipotle Mexican Grill by 23.3% in the 1st quarter. Amundi now owns 11,980,192 shares of the restaurant operator's stock valued at $383,486,000 after purchasing an additional 2,266,087 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Chipotle Mexican Grill by 86.1% in the 1st quarter. Bank of America Corp DE now owns 11,973,752 shares of the restaurant operator's stock valued at $383,280,000 after purchasing an additional 5,541,385 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Chipotle Mexican Grill by 30.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator's stock valued at $368,751,000 after purchasing an additional 2,541,795 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 0.2%

Chipotle Mexican Grill stock opened at $29.84 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.74. The firm's 50-day simple moving average is $33.97 and its 200 day simple moving average is $33.48. The firm has a market capitalization of $37.75 billion, a PE ratio of 27.37, a P/E/G ratio of 1.83 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the company earned $0.33 EPS. The firm's revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

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 value of $95,631.25. Following the sale, the insider owned 21,415 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, September 29th. Evercore restated an "outperform" rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Bank of America reaffirmed a "buy" rating and issued a $53.00 target price (up from $50.00) on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. DA Davidson lifted their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Raymond James Financial reduced their price target on shares of Chipotle Mexican Grill from $42.50 to $37.00 and set an "outperform" rating for the company in a research report on Friday. Twenty-two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.

Key Stories 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 Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.