Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Increased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC significantly increased its stake in Chipotle Mexican Grill, acquiring 96,748 shares and bringing its total holdings to 96,859 shares, valued at approximately $4.86 million.
• Chipotle's stock is currently priced at $42.61, and the company reported a slight EPS beat of $0.33 against an estimate of $0.32, with revenue of $3.06 billion for the quarter.
• Institutional ownership of Chipotle Mexican Grill stands at 91.31%, indicating strong support from institutional investors, while various analysts maintain a consensus rating of "Moderate Buy" for the stock.

New Age Alpha Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 87,160.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,859 shares of the restaurant operator's stock after buying an additional 96,748 shares during the period. New Age Alpha Advisors LLC's holdings in Chipotle Mexican Grill were worth $4,863,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC grew its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares in the last quarter. Csenge Advisory Group grew its stake in shares of Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares in the last quarter. Money Concepts Capital Corp grew its stake in shares of Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after buying an additional 221 shares in the last quarter. Northwest Bank & Trust Co grew its stake in Chipotle Mexican Grill by 0.5% during the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after purchasing an additional 236 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in Chipotle Mexican Grill by 2.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock valued at $488,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded up $0.00 during mid-day trading on Thursday, hitting $42.69. The company had a trading volume of 14,590,172 shares, compared to its average volume of 20,794,106. The stock has a market cap of $57.25 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12 month low of $42.25 and a 12 month high of $66.74. The firm's 50 day simple moving average is $51.39 and its two-hundred day simple moving average is $51.75.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. 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 brokerages have weighed in on CMG. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Raymond James Financial restated an "outperform" rating and set a $60.00 price objective (down previously from $62.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Royal Bank Of Canada lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Melius began coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They set a "hold" rating and a $60.00 price objective for the company. Finally, Evercore ISI lowered their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

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.