NewEdge Advisors LLC Raises Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• NewEdge Advisors increased its Chipotle stake by 28.9% in the first quarter, owning 150,217 shares valued at approximately $4.8 million. Institutional investors collectively own 91.3% of CMG shares.
• Analysts maintain a generally positive outlook, with Chipotle holding a “Moderate Buy” consensus rating and an average price target of $44.16, implying substantial upside from its recent price.
• Chipotle’s latest quarterly results slightly exceeded expectations, with $3.35 billion in revenue and $0.33 in EPS, but investors remain concerned about inflation, cautious consumer spending, and legal and food-safety risks tied to a Salmonella investigation.

NewEdge Advisors LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 28.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,217 shares of the restaurant operator's stock after acquiring an additional 33,689 shares during the quarter. NewEdge Advisors LLC's holdings in Chipotle Mexican Grill were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMG. Revolve Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the period. City State Bank grew its holdings in Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator's stock worth $86,000 after acquiring an additional 275 shares during the last quarter. Groupama Asset Managment grew its holdings in Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator's stock worth $568,000 after acquiring an additional 291 shares during the last quarter. Catalyst Financial Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator's stock valued at $250,000 after acquiring an additional 298 shares during the period. Finally, Citizens Financial Group Inc. RI increased its position in shares of Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator's stock valued at $407,000 after acquiring an additional 311 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday. BNP Paribas Exane boosted their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Stephens reaffirmed a "positive" rating and set a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Morgan Stanley increased their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Finally, Evercore reiterated an "outperform" rating and issued a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.16.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Analysts continue to see meaningful upside in Chipotle Mexican Grill (CMG), with estimates cited at roughly 22% above the recent share price. However, that optimism is being weighed against rising costs and cautious consumer spending. Wall Street Sees 22% Upside in Chipotle
• Positive Sentiment: Chipotle raised its guidance despite elevated inflation and slower economic growth, suggesting management remains confident in demand and operating performance. Persistent inflation could still pressure restaurant margins and consumer budgets. Inflation Hasn’t Disappeared, Yet Chipotle Raised Guidance
• Positive Sentiment: The return of Chipotle IQ, featuring more than $1 million in rewards, daily streaks and a new card game, is intended to increase engagement with Rewards members and support customer frequency. Chipotle IQ Returns
• Neutral Sentiment: Reports about Bill Ackman, Cava Group and Craveworthy Brands’ Taïm restaurants are unrelated to Chipotle’s operations and are unlikely to directly affect CMG shares.
• Negative Sentiment: The Salmonella investigation linked to fresh jalapeños has intensified investor concern about food safety, possible restaurant disruption, litigation costs and damage to Chipotle’s brand. What’s Going On With Chipotle Stock
• Negative Sentiment: A Minnesota federal lawsuit tied to the reported outbreak creates additional legal exposure, while a separate shareholder-fraud investigation alleges Chipotle may have made misleading disclosures. These developments could weigh on sentiment and valuation. Chipotle Faces Salmonella Lawsuit CMG Investor Fraud Investigation

Chipotle Mexican Grill Stock Down 0.6%

NYSE CMG opened at $31.94 on Wednesday. The firm has a market capitalization of $40.42 billion, a PE ratio of 29.31, a P/E/G ratio of 2.05 and a beta of 0.94. The stock's 50 day moving average is $33.14 and its 200 day moving average is $34.27. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $44.27.

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

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.

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.

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