Ninety One UK 13F: New $119M Stake in CMG

Ninety One UK has established a brand-new stake in Chipotle Mexican Grill, Inc. [CMG], according to a Form 13F filing with the SEC on October 15, 2026. Because 13F reports look backward, this filing reflects holdings as of the end of the reporting period and may not show the fund's exact current stance.

Inside Ninety One UK's Chipotle Trade

The fund bought 3,731,207 shares of the restaurant operator during the period, bringing its total reported holding to 3,731,207 shares. The reported value of this new investment reached approximately $119.2 million.

Other Institutional Activity in Chipotle

Blackrock Inc. grew its holdings by 18,449,342 shares, ending with 129,925,735 shares worth about $3.9 billion. Vanguard Capital Management LLC cut its stake by 855,173 shares, leaving it with 83,815,448 shares valued at $2.5 billion. JPMORGAN CHASE & CO added 17,020,142 shares for a 34.6% increase, finishing with 66,168,691 shares worth about $2.0 billion. Vanguard Portfolio Management LLC trimmed its position by 763,553 shares, down 1.2% to 60,320,683 shares valued at $1.8 billion. State Street Corporation lifted its holdings by 828,079 shares, a 1.5% increase that brought its total to 55,667,783 shares worth about $1.7 billion.

Chipotle Mexican Grill, Inc. Stock Down 2.2%

Chipotle shares recently traded around $29.86 as of October 16, 2026. The stock sits below its 50-day moving average of $33.97 and below its 200-day moving average of $34.58. The share price is roughly 30.1% below its 52-week high of $42.74 and about 6.5% above its 52-week low of $28.04.

Recent Earnings

For its trailing twelve-month period, Chipotle posted $12.4 billion in revenue with a net profit margin of 11.4% and a return on equity of 49.6%. The company's earnings per share stood at $1.10. The next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at Chipotle Mexican Grill, Inc.

Curtis Evander Garner III, President, sold 61,077 shares on February 6, 2026, at an average price of $40.01 for a total value of $2,443,856. Patricia D Fili-Krushel, Director, sold 3,350 shares on February 24, 2026, at an average price of $36.58 for a total value of $122,543. Matthew R Bush, Officer, sold 2,675 shares on August 21, 2026, at an average price of $35.75 for a total value of $95,631.

Analysts Set New Price Targets

On September 1, 2026, Mizuho reiterated its Outperform rating on the stock with a price target of $43.00. Seaport Global initiated coverage on September 16, 2026, with a Neutral rating. On September 29, 2026, JP Morgan maintained an Overweight rating while lowering its target from $40.00 to $37.00. Morgan Stanley maintained an Equal-Weight rating on October 15, 2026, adjusting its target from $39.00 to $40.00. Stephens & Co. also maintained an Equal-Weight rating on October 15, 2026, lowering its target from $40.00 to $38.00. Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $43.73.

About Chipotle

Headquartered in Newport Beach, California, Chipotle Mexican Grill operates a major chain of fast-casual restaurants specializing in burritos, tacos, and bowls. The company relies on responsibly raised meats and fresh ingredients across its footprint of over 3,000 locations.

Bottom Line

Investors will look toward the upcoming October 28 earnings release for fresh updates on store traffic and profit margins. Because 13F data reflects past quarters, tracking subsequent filings will reveal whether Ninety One UK builds further on this new position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.