Caxton Associates LP Takes $479,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Caxton Associates LP bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,650 shares of the restaurant operator’s stock, valued at approximately $479,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prairie Wealth Advisors Inc. increased its holdings in Chipotle Mexican Grill by 5,408.0% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 6,885 shares of the restaurant operator’s stock valued at $431,000 after buying an additional 6,760 shares during the period. Unisphere Establishment increased its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Unisphere Establishment now owns 100,000 shares of the restaurant operator’s stock valued at $6,265,000 after acquiring an additional 98,000 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Chipotle Mexican Grill in the second quarter worth about $106,000. Point72 Hong Kong Ltd acquired a new position in Chipotle Mexican Grill in the second quarter worth about $21,302,000. Finally, Toronto Dominion Bank lifted its stake in Chipotle Mexican Grill by 10,884.8% during the second quarter. Toronto Dominion Bank now owns 901,739 shares of the restaurant operator’s stock worth $56,494,000 after purchasing an additional 893,530 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMG. Truist Financial reiterated a “buy” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, August 13th. Citigroup dropped their price objective on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Oppenheimer lowered 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 report on Thursday, July 25th. Finally, Evercore ISI cut their price target on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.36.

Chipotle Mexican Grill Trading Down 1.2 %

Shares of NYSE CMG opened at $57.34 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The firm’s 50-day moving average is $54.45 and its 200-day moving average is $80.96. The firm has a market capitalization of $78.53 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue for the quarter 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 anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, 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 transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 of the company’s stock, valued at $2,340,333.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction 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 directly owns 473,514 shares in the company, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock valued at $1,918,589 over the last three months. Company insiders own 1.02% of the company’s stock.

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.