Chipotle Mexican Grill Inc (CMG US, +1, 18-Dec-23)
Gregg Engles (Non-Executive since 2020) purchased $2m of stock on the 15th of December at $2,284.81, increasing his holding by 83%. He timed his previous two buys perfectly, spending $198,000 at $1,321.83 in March 2022 and $381,000 at $1,270.51 in May 2022 and it’s very encouraging to see him now buying in a much larger size post strong performance. He already met the ownership requirement (5x cash retainer).
He is the founder and Managing Partner of Capitol Peak Partners LLC, a capital investment company, and was previously Chair and CEO of Whitewave Foods and a Director at several companies including Danone and Treehouse Foods. There have been several recent sellers including Scott Boatwright (Chief Restaurant Officer) and Robin Hickenlooper (Director) but these sales do not appear unusual or aggressive based on their history.
We are ranking the stock +1
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