Maverick Capital Ltd. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Maverick Capital Ltd. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8,880.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 48,225 shares of the restaurant operator’s stock after purchasing an additional 47,688 shares during the quarter. Maverick Capital Ltd.’s holdings in Chipotle Mexican Grill were worth $3,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Steph & Co. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Semmax Financial Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $44,000. ICA Group Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $37,000. Finally, Westside Investment Management Inc. bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $58,000. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMG. JPMorgan Chase & Co. raised their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Evercore ISI lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Finally, Guggenheim increased their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Down 0.6 %

Shares of NYSE:CMG opened at $58.05 on Friday. The firm has a fifty day simple moving average of $54.36 and a two-hundred day simple moving average of $81.12. The stock has a market capitalization of $79.50 billion, a P/E ratio of 61.94, a PEG ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 52 week low of $35.37 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $12.65 earnings per share. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,934 shares of company stock valued at $1,918,589. 1.02% of the stock is currently owned by insiders.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.