Susquehanna Portfolio Strategies LLC Acquires 366,030 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Susquehanna Portfolio Strategies LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,900.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 373,500 shares of the restaurant operator’s stock after acquiring an additional 366,030 shares during the quarter. Chipotle Mexican Grill comprises about 1.0% of Susquehanna Portfolio Strategies LLC’s investment portfolio, making the stock its 21st biggest position. Susquehanna Portfolio Strategies LLC’s holdings in Chipotle Mexican Grill were worth $23,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gilbert & Cook Inc. raised its stake in shares of Chipotle Mexican Grill by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after acquiring an additional 73 shares during the period. Gryphon Financial Partners LLC grew its holdings in Chipotle Mexican Grill by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock valued at $780,000 after purchasing an additional 121 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $231,000. Parallel Advisors LLC lifted its stake in Chipotle Mexican Grill by 5.0% in the fourth quarter. Parallel Advisors LLC now owns 356 shares of the restaurant operator’s stock worth $814,000 after purchasing an additional 17 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $252,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Finally, Oppenheimer dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Insider Activity

In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. Insiders have 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 currently owned by corporate insiders.

Chipotle Mexican Grill Stock Down 1.2 %

Shares of CMG opened at $57.34 on Friday. The company has a 50 day moving average of $54.45 and a two-hundred day moving average of $80.96. The company has a market cap of $78.53 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results 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. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $12.65 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Chipotle Mexican Grill Company Profile

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.