Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% in the second quarter, HoldingsChannel reports. The fund owned 373,500 shares of the restaurant operator’s stock after purchasing an additional 366,030 shares during the period. Chipotle Mexican Grill accounts for approximately 1.0% of Susquehanna Portfolio Strategies LLC’s investment portfolio, making the stock its 21st largest holding. Susquehanna Portfolio Strategies LLC’s holdings in Chipotle Mexican Grill were worth $23,400,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Riverview Trust Co grew its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares during the period. RiverPark Advisors LLC increased its position in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CMG shares. The Goldman Sachs Group cut their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Insider Buying and Selling

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

Chipotle Mexican Grill Trading Down 1.2 %

Shares of NYSE:CMG opened at $57.34 on Friday. The company has a market cap of $78.53 billion, a PE ratio of 61.18, a P/E/G ratio of 2.43 and a beta of 1.25. The company’s 50 day moving average is $54.45 and its two-hundred day moving average is $80.96. 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 posted its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $12.65 earnings per share. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

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.