Moors & Cabot Inc. Has $1.08 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Moors & Cabot Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,945 shares of the restaurant operator’s stock after purchasing an additional 1,830 shares during the period. Moors & Cabot Inc.’s holdings in Chipotle Mexican Grill were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $692,701,000. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $315,220,000. Thrivent Financial for Lutherans lifted its holdings in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after acquiring an additional 1,848,625 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after purchasing an additional 1,364,635 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Chipotle Mexican Grill by 224.2% during the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after purchasing an additional 1,173,207 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMG. Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Citigroup upped their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Nine 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Chipotle Mexican Grill Trading Down 2.7 %

Chipotle Mexican Grill stock opened at $48.70 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The firm has a market capitalization of $66.00 billion, a price-to-earnings ratio of 43.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s fifty day moving average price is $55.63 and its two-hundred day moving average price is $57.94.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.