Chipotle Mexican Grill, Inc. (NYSE:CMG) is Savoir Faire Capital Management L.P.’s Largest Position

Savoir Faire Capital Management L.P. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 144.5% in the third quarter, Holdings Channel reports. The institutional investor owned 205,352 shares of the restaurant operator’s stock after acquiring an additional 121,352 shares during the quarter. Chipotle Mexican Grill accounts for 6.0% of Savoir Faire Capital Management L.P.’s holdings, making the stock its largest holding. Savoir Faire Capital Management L.P.’s holdings in Chipotle Mexican Grill were worth $11,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its position in shares of Chipotle Mexican Grill by 19.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,990 shares of the restaurant operator’s stock worth $5,784,000 after purchasing an additional 327 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Chipotle Mexican Grill by 1.0% during the first quarter. Clearbridge Investments LLC now owns 3,422 shares of the restaurant operator’s stock worth $9,947,000 after purchasing an additional 34 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Chipotle Mexican Grill by 216.5% during the first quarter. UniSuper Management Pty Ltd now owns 728 shares of the restaurant operator’s stock worth $2,116,000 after purchasing an additional 498 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Chipotle Mexican Grill by 33.1% during the first quarter. Lake Street Advisors Group LLC now owns 241 shares of the restaurant operator’s stock worth $701,000 after purchasing an additional 60 shares in the last quarter. Finally, Vaughan David Investments LLC IL acquired a new position in Chipotle Mexican Grill during the first quarter worth $413,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG opened at $58.84 on Tuesday. The business has a 50 day simple moving average of $58.11 and a 200-day simple moving average of $81.28. The stock has a market capitalization of $80.17 billion, a P/E ratio of 54.77, a P/E/G ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12 month low of $43.20 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the business posted $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. Oppenheimer reissued an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. BMO Capital Markets upped their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Piper Sandler increased their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Ten equities 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.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Activity 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 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 directly owns 473,514 shares of the company’s stock, 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 at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’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 directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock valued at $1,866,023 in the last ninety days. Corporate 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.