Montrusco Bolton Investments 13F: Cuts CMG Stake by $20M
The firm trimmed its position by over 20%, reflecting in its latest 13F filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Montrusco Bolton Investments sold 632,840 shares from its stake in Chipotle Mexican Grill, Inc. ($CMG), a 20.44% decrease, according to a 13F filing with the SEC dated October 13, 2026. It reported 2,462,514 shares worth $78.68 million at the end of the quarter.
Since the filing, $CMG is down 1.5% to date (from the $30.35 close on Oct 13, 2026).
Find the original: Montrusco Bolton Investments 13F filings on SEC EDGAR
CMG
Chipotle Mexican Grill, Inc.
Key Points
- Montrusco Bolton Investments cut its Chipotle stake by 20.4%, reducing holdings by 632,840 shares.
- Montrusco Bolton Investments held 2,462,514 $CMG shares at quarter end, down 20.44% from the prior quarter.
- Chipotle Mexican Grill has a market cap of $42 billion and a P/E ratio of 30.7, with a 52-week high of $42.82.
- The company operates over 2,800 restaurants worldwide, with digital ordering options and a focus on responsibly sourced ingredients.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Chipotle Mexican Grill, Inc. alert may contain errors. Disclosures
Montrusco Bolton Investments has reduced its stake in Chipotle Mexican Grill, Inc. (NYSE: CMG) by 20.4%, according to its latest filing with the SEC. The firm sold 632,840 shares, bringing its total to 2,462,514 shares. The current value of this holding is about $78.68 million, based on the filing covering the period ended September 30, 2026.
Montrusco Bolton Investments vs. the S&P 500
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What Changed in Montrusco Bolton's Chipotle Position
Montrusco Bolton Investments trimmed its position in Chipotle Mexican Grill by 20.4%, selling 632,840 shares. Before this reduction, the fund held 3,095,354 shares. Now, it holds 2,462,514 shares, valued at approximately $78.68 million.
Chipotle Mexican Grill, Inc. Stock Down 1.8%
As of Friday, Chipotle Mexican Grill has a market capitalization of about $42 billion. The company's stock has a price-to-earnings (P/E) ratio of 30.7 and a forward P/E of 24.2. The beta, which measures volatility, stands at 0.937. Over the past year, the stock has traded between $28.04 and $42.82. The 50-day moving average is $35.04, while the 200-day moving average is $34.98. Chipotle's financial health is indicated by a current ratio of 0.715 and a quick ratio of 0.592, with a debt-to-equity ratio of 246.35.
Recent Earnings
Chipotle reported revenue of $12.42 billion, with a growth rate of 9.3%. The company's net margin is 11.4%, and it boasts a return on equity of 49.6%. The next earnings report is expected on October 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 2 raises.
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EPS & revenue
EPS met estimates. Revenue met estimates.
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Profit surprise
EBITDA met by 0 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 2 target raises, 3 target cuts.
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Earnings quality
Gross margin up 42.2 points. Operating margin down 4.3 points. Positive free cash flow.
Earnings Call Summary
Chipotle reported first-quarter revenue of $3.1 billion, up seven point four percent year over year, with comparable sales growing zero point five percent driven by positive transaction growth. The company benefited from menu innovations including high-protein offerings, Chicken Al Pastor and cilantro-lime sauce, which together contributed meaningful sales lift. Management highlighted strong momentum continuing into April fueled by the new rewards program launch and menu innovation, while noting that the high-efficiency equipment rollout across now over 600 restaurants is generating hundreds of basis points of comparable sales outperformance in those locations.
Guidance Management reaffirmed their full-year comparable sales guidance at about flat but guided the second quarter toward positive one percent comparable sales growth. They expect continued pressure on restaurant margins from ingredient inflation in the second quarter but anticipate that pressure to ease in the second half of the year.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc. operates over 2,800 restaurants worldwide, serving Mexican-inspired meals such as burritos, tacos, and salads. The company emphasizes using responsibly sourced ingredients, including meats under its Responsibly Raised brand. Chipotle also offers digital ordering through its website, mobile app, and third-party delivery services. Founded in 1993, the company is headquartered in Newport Beach, California, and led by CEO Scott Boatwright.
Bottom Line
Montrusco Bolton Investments' decision to reduce its stake in Chipotle Mexican Grill by over 20% is a notable move reflected in its latest 13F filing. Investors keep an eye on these filings to gauge institutional sentiment, although it's important to remember that these are backward-looking and may not represent current positions. Chipotle's strong market presence and focus on quality ingredients continue to make it a significant player in the restaurant industry.
Related Filing Alerts
Source: Montrusco Bolton Investments's 13F filing on $CMG (Oct 13, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Montrusco Bolton Investments 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts