Chipotle Mexican Grill, Inc. $CMG Shares Bought by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its stake in Chipotle Mexican Grill by 64.3%, acquiring an additional 11,869 shares and bringing its total holdings to 30,320 shares worth approximately $1.52 million.
• In recent trades, insider Roger E. Theodoredis sold 113,875 shares of Chipotle, representing a 50.91% decrease in his position, valued at around $5.66 million.
• Several analysts have lowered their price targets for Chipotle, with Barclays setting a new target of $53.00, and the stock currently carries a consensus rating of "Moderate Buy" with an average price target of $60.22.

Aptus Capital Advisors LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 64.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,320 shares of the restaurant operator's stock after buying an additional 11,869 shares during the period. Aptus Capital Advisors LLC's holdings in Chipotle Mexican Grill were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMG. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $31,000. Finally, Mechanics Financial Corp acquired a new position in Chipotle Mexican Grill during the first quarter worth $38,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 1.6%

Chipotle Mexican Grill stock traded up $0.67 during mid-day trading on Friday, reaching $43.58. 10,899,653 shares of the company's stock were exchanged, compared to its average volume of 20,471,252. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74. The company has a market cap of $58.44 billion, a P/E ratio of 38.91, a P/E/G ratio of 2.18 and a beta of 1.05. The company has a fifty day moving average of $49.60 and a 200-day moving average of $50.62.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CMG has been the subject of a number of recent research reports. Melius initiated coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a "hold" rating and a $60.00 target price for the company. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Evercore ISI cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. TD Securities reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Finally, BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price target for the company from $56.00 to $65.00 in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

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.