Modus Advisors LLC Has $2.38 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Modus Advisors LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,409 shares of the restaurant operator's stock after buying an additional 7,847 shares during the quarter. Modus Advisors LLC's holdings in Chipotle Mexican Grill were worth $2,380,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its holdings in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares in the last quarter. BTC Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 218 shares during the last quarter. Finally, Schechter Investment Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator's stock valued at $1,127,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.60.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.39 during midday trading on Friday, reaching $50.12. The company's stock had a trading volume of 14,823,367 shares, compared to its average volume of 13,504,067. The firm has a 50 day moving average price of $50.04 and a two-hundred day moving average price of $54.95. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm has a market capitalization of $67.53 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $13.37 earnings per share. The business's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.