Kestra Advisory Services LLC Has $8.65 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Kestra Advisory Services LLC increased its stake in Chipotle Mexican Grill by 29.3% in Q1, owning 172,200 shares valued at approximately $8.65 million at the end of the reporting period.
• Chipotle's quarterly earnings report showed $0.33 earnings per share, surpassing estimates of $0.32, with a revenue of $3.06 billion despite falling short of expectations.
• Institutional investors hold 91.30% of Chipotle's stock, reflecting strong interest from large financial institutions in the restaurant sector.

Kestra Advisory Services LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,200 shares of the restaurant operator's stock after acquiring an additional 39,019 shares during the quarter. Kestra Advisory Services LLC's holdings in Chipotle Mexican Grill were worth $8,646,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after buying an additional 425,648 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after buying an additional 1,438,860 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $535,023,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Up 1.6%

CMG opened at $43.58 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $41.18 and a 1-year high of $66.74. The stock's fifty day simple moving average is $49.60 and its 200 day simple moving average is $50.53. The stock has a market cap of $58.44 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05.

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

Analyst Ratings Changes

Several research firms have recently commented on CMG. Raymond James Financial cut their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Piper Sandler raised Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a report 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 price objective for the company. Finally, Redburn Atlantic started coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on 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 transaction, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is owned by insiders.

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.

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