Qsemble Capital Management LP Has $4.64 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Qsemble Capital Management LP lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 619.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,461 shares of the restaurant operator’s stock after purchasing an additional 69,277 shares during the quarter. Chipotle Mexican Grill accounts for approximately 0.9% of Qsemble Capital Management LP’s holdings, making the stock its 22nd biggest holding. Qsemble Capital Management LP’s holdings in Chipotle Mexican Grill were worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Riverview Trust Co grew its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s 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 of the company’s stock, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.41 during midday trading on Monday, reaching $62.42. 1,094,562 shares of the company’s stock were exchanged, compared to its average volume of 13,670,378. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26. The firm has a market cap of $85.05 billion, a price-to-earnings ratio of 57.72, a P/E/G ratio of 2.49 and a beta of 1.26. The stock’s 50-day simple moving average is $58.45 and its 200 day simple moving average is $81.18.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Loop Capital lifted their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.27.

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.