Motco Has $10.91 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Motco decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,864 shares of the restaurant operator’s stock after selling 1,165 shares during the period. Chipotle Mexican Grill comprises 1.1% of Motco’s portfolio, making the stock its 28th biggest position. Motco’s holdings in Chipotle Mexican Grill were worth $10,906,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CMG. Pallas Capital Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 45.2% during the third quarter. Pallas Capital Advisors LLC now owns 9,042 shares of the restaurant operator’s stock valued at $537,000 after purchasing an additional 2,816 shares during the last quarter. abrdn plc grew its stake in shares of Chipotle Mexican Grill by 6.2% during the third quarter. abrdn plc now owns 547,501 shares of the restaurant operator’s stock valued at $31,572,000 after purchasing an additional 31,751 shares during the last quarter. Valmark Advisers Inc. grew its stake in shares of Chipotle Mexican Grill by 3.8% during the third quarter. Valmark Advisers Inc. now owns 13,031 shares of the restaurant operator’s stock valued at $751,000 after purchasing an additional 481 shares during the last quarter. Adell Harriman & Carpenter Inc. bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $234,000. Finally, Pathway Financial Advisers LLC grew its stake in shares of Chipotle Mexican Grill by 5,662.0% during the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after purchasing an additional 8,493 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Raymond James dropped their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI lifted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Oppenheimer lifted their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.2 %

NYSE CMG opened at $52.76 on Friday. The company has a market capitalization of $71.50 billion, a P/E ratio of 47.52, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The firm has a 50-day moving average price of $57.53 and a two-hundred day moving average price of $58.05.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.