Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,893.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,886 shares of the restaurant operator’s stock after purchasing an additional 12,671 shares during the quarter. Dark Forest Capital Management LP’s holdings in Chipotle Mexican Grill were worth $807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. increased its stake in shares of Chipotle Mexican Grill by 7.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock valued at $2,351,000 after purchasing an additional 73 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in Chipotle Mexican Grill by 55.0% in the fourth 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 period. Hilltop Holdings Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $231,000. Parallel Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 5.0% during the 4th quarter. Parallel Advisors LLC now owns 356 shares of the restaurant operator’s stock worth $814,000 after buying an additional 17 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of Chipotle Mexican Grill by 4.3% during the 4th quarter. Stifel Financial Corp now owns 40,743 shares of the restaurant operator’s stock valued at $93,177,000 after buying an additional 1,674 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $58.05 on Friday. The stock has a market capitalization of $79.50 billion, a PE ratio of 61.93, a P/E/G ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The business’s 50 day moving average price is $54.36 and its 200 day moving average price is $81.12.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.65 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of several recent analyst reports. Piper Sandler cut their price target 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. Raymond James cut their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Oppenheimer decreased their price target 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. Barclays cut their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Truist Financial restated a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $62.36.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now directly 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 hyperlink. In other Chipotle Mexican Grill news, 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 transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The transaction 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 the firm’s stock in a transaction 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 transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock valued at $1,918,589 over the last 90 days. 1.02% of the stock is owned by insiders.

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.