Arkadios Wealth Advisors Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Arkadios Wealth Advisors increased its stake in Chipotle Mexican Grill by 227.6%, acquiring a total of 35,766 shares valued at approximately $1.8 million at the end of the first quarter.
• Chipotle reported earnings of $0.33 EPS, surpassing analysts’ expectations, though revenue for the quarter was 3.0% higher year-over-year at $3.06 billion, slightly below estimates.
• A majority of analysts maintain a "Moderate Buy" rating on Chipotle, with a consensus target price of $60.71, suggesting potential upside from its current market performance.

Arkadios Wealth Advisors grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 227.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,766 shares of the restaurant operator's stock after purchasing an additional 24,850 shares during the quarter. Arkadios Wealth Advisors' holdings in Chipotle Mexican Grill were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Bayforest Capital Ltd purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $100,000. Vestcor Inc raised its holdings in shares of Chipotle Mexican Grill by 9.4% in the first quarter. Vestcor Inc now owns 26,993 shares of the restaurant operator's stock valued at $1,355,000 after acquiring an additional 2,323 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $792,000. Premier Fund Managers Ltd raised its holdings in Chipotle Mexican Grill by 15.0% in the first quarter. Premier Fund Managers Ltd now owns 1,150,463 shares of the restaurant operator's stock worth $57,414,000 after purchasing an additional 150,463 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Chipotle Mexican Grill in the first quarter worth about $130,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $42.88 on Friday. The stock's fifty day moving average is $52.16 and its two-hundred day moving average is $52.26. The firm has a market capitalization of $57.78 billion, a P/E ratio of 38.29, a PEG ratio of 2.23 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $66.74.

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

Analysts Set New Price Targets

A number of equities analysts have commented on CMG shares. Loop Capital reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $56.00 to $65.00 in a report on Friday, July 18th. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price objective on the stock. Finally, Royal Bank Of Canada dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm'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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.81% of the stock is owned by company insiders.

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.

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