Two Sigma Advisers LP Decreases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Two Sigma Advisers LP lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 917,800 shares of the restaurant operator’s stock after selling 2,517,900 shares during the period. Two Sigma Advisers LP owned about 0.07% of Chipotle Mexican Grill worth $52,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Temasek Holdings Private Ltd acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $37,021,000. Stifel Financial Corp boosted its stake in shares of Chipotle Mexican Grill by 10.4% during the third quarter. Stifel Financial Corp now owns 2,315,393 shares of the restaurant operator’s stock valued at $133,413,000 after acquiring an additional 218,324 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $58,000. Quadrature Capital Ltd purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $16,066,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Chipotle Mexican Grill by 71.6% during the 3rd quarter. Quantinno Capital Management LP now owns 160,741 shares of the restaurant operator’s stock worth $9,262,000 after purchasing an additional 67,090 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $65.37 on Friday. The firm has a market cap of $89.07 billion, a PE ratio of 61.09, a price-to-earnings-growth ratio of 2.45 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $44.08 and a 1 year high of $69.26. The firm’s 50-day simple moving average is $59.25 and its 200-day simple moving average is $80.84.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Royal Bank of Canada initiated coverage on shares of Chipotle Mexican Grill in a research note on Friday, November 15th. They set an “outperform” rating and a $70.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.42.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last 90 days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.