M&T Bank Corp Sells 115,526 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• M&T Bank Corp sold 115,526 shares of Chipotle, cutting its stake by 93% in Q4 and leaving it with 8,760 shares worth about $324,000 at the end of the period.
• Chipotle's latest quarter matched EPS estimates ($0.24) and slightly beat revenue ($3.09B vs. $3.07B), with same‑store sales turning positive (+0.5%) and year‑over‑year revenue up 7.4%; the sell‑side consensus remains a "Moderate Buy" with an average target near $46.23.
• Market reaction is mixed — analysts have both raised and cut targets amid margin concerns, and there was an unusual spike in put activity (~61,900 contracts), signalling elevated hedging or bearish bets that could amplify downside volatility.

M&T Bank Corp lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 93.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,760 shares of the restaurant operator's stock after selling 115,526 shares during the period. M&T Bank Corp's holdings in Chipotle Mexican Grill were worth $324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its position in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator's stock valued at $18,642,000 after buying an additional 47,241 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Chipotle Mexican Grill by 34.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator's stock valued at $11,044,000 after buying an additional 72,167 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $1,597,000. Harbour Trust & Investment Management Co bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $3,967,000. Finally, Crescent Park Management L.P. bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $5,911,000. Institutional investors own 91.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CMG shares. BNP Paribas Exane raised their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 4th. BTIG Research restated a "buy" rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday. Argus restated a "hold" rating on shares of Chipotle Mexican Grill in a research note on Thursday, February 5th. Finally, Stifel Nicolaus restated a "buy" rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Twenty-three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.23.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $32.97 on Monday. The company has a market capitalization of $42.29 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. The business's fifty day moving average is $34.37 and its 200 day moving average is $35.90. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Trending Headlines about Chipotle Mexican Grill

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

• Positive Sentiment: Q1 sales beat and early recovery signs — Chipotle reported Q1 revenue slightly above expectations with same-store sales turning positive (+0.5%) and management highlighting strength from high‑protein menu items and digital sales; that upside after a weak 2025 helped lift sentiment after the print. Chipotle reports surprise sales beat
• Positive Sentiment: Buy-side support from some firms — Several firms reaffirmed buys or raised targets (Citigroup raised its target to $46; TD Cowen issued a Buy), providing upside scenarios for investors focused on a rebound in comps and new-unit growth.
• Neutral Sentiment: Mixed analyst reactions — The sell‑side is split: some firms raised targets or reiterated buys while others trimmed targets after Q1, creating divergent price-case narratives that could limit a clear directional trade. Read more on the mixed post‑earnings reaction. Chipotle Gets Mixed Calls After Q1
• Negative Sentiment: Price‑target cuts and margin worries — Guggenheim trimmed its target to $35 and cut EPS estimates citing margin pressure; analysts flagged higher labor and operating costs that compress profits even as sales recover. Guggenheim Cuts Chipotle Price Target
• Negative Sentiment: Put activity spike — Unusual options flow: ~61,900 put contracts traded (≈39% above typical daily put volume), signalling elevated hedging or directional bearish bets that can amplify intraday downside.
• Negative Sentiment: Sector/headline drag and reset commentary — Analysts and market writeups point to a choppy restaurant tape and tougher consumer backdrop; Morgan Stanley and other outlets are questioning how much growth remains, contributing to selling pressure. Morgan Stanley resets Chipotle stock forecast
• Negative Sentiment: News pieces highlighting a slide today — Coverage noting the stock is sliding amid the mixed tape and analyst notes can reinforce short‑term bearish momentum. Chipotle Stock Is Sliding Friday

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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