Erste Asset Management GmbH Reduces Position in Chipotle Mexican Grill, Inc. $CMG

NodeGuardian · 2026-03-04T21:05:50+00:00

Erste Asset Management GmbH sold 85% of its Chipotle stake, now holding 24,475 shares worth $977,000. Despite this, institutional ownership remains high at 91.3%, with analysts rating Chipotle as a "Moderate Buy."

NodeGuardian

2026-03-04 21:05:50

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Erste Asset Management GmbH significantly reduced its stake in Chipotle Mexican Grill, selling 85% of its holdings in Q3, now owning 24,475 shares valued at $977,000. Despite this reduction, other large institutions like Norges Bank and Vanguard have increased their positions, bringing institutional ownership to 91.3%. Analysts still rate CMG as a “Moderate Buy” with an average price target of $47.24, even though the stock is down 28% year-over-year amid slowed revenue growth and rising short interest.

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