US Bancorp DE Acquires 378,496 Shares of Chipotle Mexican Grill, Inc. $CMG

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US Bancorp DE significantly increased its stake in Chipotle Mexican Grill (NYSE: CMG) by 350.0% in Q3, acquiring 378,496 additional shares to hold a total of 486,649 shares valued at $19.07 million. Other institutional investors like Vanguard, Norges Bank, and Sustainable Growth Advisers also boosted their positions, leading to 91.3% institutional ownership. While analysts maintain a “Moderate Buy” rating with an average target price of $47.24, the stock has seen mixed performance, with a nearly 28% decline over the past year and a rise in short interest.

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