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

Motco trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 180,864 shares of the restaurant operator’s stock after selling 1,165 shares during the quarter. Chipotle Mexican Grill comprises approximately 1.1% of Motco’s investment portfolio, making the stock its 28th biggest position. Motco’s holdings in Chipotle Mexican Grill were worth $10,906,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. U.S. Capital Wealth Advisors LLC increased its position in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after acquiring an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $715,000. Hantz Financial Services Inc. boosted its stake in shares of Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the last quarter. Finally, L & S Advisors Inc bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at $3,256,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.2 %

Shares of NYSE:CMG opened at $52.76 on Friday. The firm has a market capitalization of $71.50 billion, a PE ratio of 47.52, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the firm’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. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Raymond James reduced 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 research note on Tuesday, January 28th. Stephens reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup upped their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.31.

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.