Motco Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Motco increased its holdings in Chipotle Mexican Grill, Inc. by 3.7%, now owning approximately $9.42 million worth of shares at the end of the last quarter.
• Institutional investors and hedge funds collectively own 91.31% of Chipotle's stock, indicating strong institutional interest in the company.
• Chipotle's recent earnings report showed a net margin of 13.32% and revenue of $3.06 billion, with earnings per share slightly exceeding analysts' expectations.

Motco increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,588 shares of the restaurant operator's stock after purchasing an additional 6,724 shares during the period. Motco's holdings in Chipotle Mexican Grill were worth $9,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Korea Investment CORP raised its stake in Chipotle Mexican Grill by 6.6% during the 4th quarter. Korea Investment CORP now owns 1,142,615 shares of the restaurant operator's stock worth $68,900,000 after buying an additional 70,252 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Chipotle Mexican Grill by 7.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,149,863 shares of the restaurant operator's stock worth $128,347,000 after buying an additional 147,047 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on CMG shares. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Barclays lowered their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Melius started coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price for the company. Evercore ISI reduced their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Guggenheim reduced their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.23 during trading hours on Wednesday, hitting $44.16. The company had a trading volume of 16,836,919 shares, compared to its average volume of 13,714,846. The stock has a market capitalization of $59.49 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.28 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.75 and a fifty-two week high of $66.74. The company's fifty day moving average is $52.46 and its 200 day moving average is $52.41.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the firm posted $0.34 EPS. The company's quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.