Motco Has $11.05 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Motco boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 196,756 shares of the restaurant operator’s stock after purchasing an additional 9,168 shares during the quarter. Motco’s holdings in Chipotle Mexican Grill were worth $11,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. Activest Wealth Management increased its position in shares of Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $29,000. Finally, 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMG. KeyCorp lowered their price target on Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. BMO Capital Markets raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Raymond James Financial reaffirmed an “outperform” rating and set a $52.00 price target (down previously from $56.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 16th. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Finally, Truist Financial decreased their target price on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $56.13.

Chipotle Mexican Grill Price Performance

CMG opened at $40.34 on Wednesday. The business has a fifty day simple moving average of $40.88 and a 200 day simple moving average of $46.96. The company has a market capitalization of $54.09 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

About Chipotle Mexican Grill

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.