V Square Quantitative Management LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

V Square Quantitative Management LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3,014.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,177 shares of the restaurant operator’s stock after buying an additional 3,075 shares during the period. V Square Quantitative Management LLC’s holdings in Chipotle Mexican Grill were worth $199,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMG. NewEdge Wealth LLC boosted its position in shares of Chipotle Mexican Grill by 7.1% during the fourth quarter. NewEdge Wealth LLC now owns 120 shares of the restaurant operator’s stock valued at $274,000 after purchasing an additional 8 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Chipotle Mexican Grill by 1.5% during the 4th quarter. Vontobel Holding Ltd. now owns 1,006 shares of the restaurant operator’s stock valued at $2,301,000 after buying an additional 15 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Chipotle Mexican Grill by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,426 shares of the restaurant operator’s stock worth $5,548,000 after buying an additional 94 shares during the period. Keel Point LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $261,000. Finally, SVB Wealth LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $309,000. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.1 %

NYSE:CMG traded up $0.06 on Wednesday, hitting $51.74. The stock had a trading volume of 24,711,621 shares, compared to its average volume of 15,037,271. The business’s 50-day simple moving average is $123.17 and its two-hundred day simple moving average is $80.62. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 55.39, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. 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 data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $12.65 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. The Goldman Sachs Group cut their price target on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Argus lifted their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. increased their target price 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill 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.