Cinctive Capital Management LP Acquires 5,927 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cinctive Capital Management LP boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 91.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,430 shares of the restaurant operator’s stock after acquiring an additional 5,927 shares during the quarter. Cinctive Capital Management LP’s holdings in Chipotle Mexican Grill were worth $716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Community Bank N.A. increased its position in shares of Chipotle Mexican Grill by 15,060.0% in the third quarter. Community Bank N.A. now owns 7,580 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 7,530 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Chipotle Mexican Grill by 7,317.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 50,882 shares of the restaurant operator’s stock worth $2,932,000 after buying an additional 50,196 shares during the last quarter. Paloma Partners Management Co raised its position in shares of Chipotle Mexican Grill by 227.0% during the 3rd quarter. Paloma Partners Management Co now owns 153,857 shares of the restaurant operator’s stock valued at $8,865,000 after buying an additional 106,802 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Chipotle Mexican Grill by 325.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,173 shares of the restaurant operator’s stock worth $413,000 after acquiring an additional 5,488 shares during the last quarter. Finally, Alerus Financial NA purchased a new position in Chipotle Mexican Grill in the third quarter worth $3,093,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’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 value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’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 approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.6 %

NYSE:CMG opened at $60.91 on Wednesday. The firm’s fifty day simple moving average is $59.00 and its 200 day simple moving average is $81.07. The stock has a market cap of $83.00 billion, a P/E ratio of 56.69, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $44.08 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company posted $0.23 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price objective on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

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.