Motley Fool Asset Management LLC Increases Holdings in Chipotle Mexican Grill, Inc. $CMG

Motley Fool Asset Management LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,878 shares of the restaurant operator’s stock after acquiring an additional 11,152 shares during the period. Motley Fool Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $4,934,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CMG. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $28,000. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $25,000. Activest Wealth Management raised its position in shares of Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $29,000. Finally, 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $27,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CMG shares. Raymond James Financial reaffirmed an “outperform” rating and set a $52.00 target price (down previously from $56.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 16th. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. TD Cowen reissued a “buy” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. BTIG Research reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Finally, Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.69.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $41.02 on Tuesday. The firm’s fifty day moving average price is $40.93 and its 200 day moving average price is $47.03. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The firm has a market cap of $55.01 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.99.

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.