Arkadios Wealth Advisors Increases Stock Position in Chipotle Mexican Grill, Inc. $CMG

Arkadios Wealth Advisors boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,811 shares of the restaurant operator’s stock after purchasing an additional 2,045 shares during the quarter. Arkadios Wealth Advisors’ holdings in Chipotle Mexican Grill were worth $2,123,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. World Investment Advisors lifted its stake in Chipotle Mexican Grill by 4.2% in the 2nd quarter. World Investment Advisors now owns 156,646 shares of the restaurant operator’s stock worth $8,796,000 after purchasing an additional 6,301 shares in the last quarter. Econ Financial Services Corp lifted its stake in Chipotle Mexican Grill by 0.9% in the 2nd quarter. Econ Financial Services Corp now owns 39,216 shares of the restaurant operator’s stock worth $2,202,000 after purchasing an additional 336 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $1,062,000. Motco lifted its stake in Chipotle Mexican Grill by 4.9% in the 2nd quarter. Motco now owns 196,756 shares of the restaurant operator’s stock worth $11,048,000 after purchasing an additional 9,168 shares in the last quarter. Finally, Mizuho Markets Cayman LP purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $6,008,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CMG shares. Stephens reiterated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. TD Cowen reduced their target price on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Mizuho set a $34.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.97.

Chipotle Mexican Grill Trading Down 18.0%

Shares of NYSE:CMG opened at $32.61 on Friday. The company has a market capitalization of $43.73 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.65 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $31.01 and a 12 month high of $66.74. The firm’s 50-day moving average is $40.60 and its 200 day moving average is $46.79.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.