SOA Wealth Advisors LLC. Purchases 1,338 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

SOA Wealth Advisors LLC. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11,150.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,350 shares of the restaurant operator’s stock after buying an additional 1,338 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Chipotle Mexican Grill were worth $85,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CMG. Montecito Bank & Trust raised its stake in shares of Chipotle Mexican Grill by 3,947.6% during the 2nd quarter. Montecito Bank & Trust now owns 4,250 shares of the restaurant operator’s stock valued at $266,000 after purchasing an additional 4,145 shares during the period. High Net Worth Advisory Group LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $204,000. First PREMIER Bank raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. First PREMIER Bank now owns 1,650 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 1,617 shares during the period. Cigna Investments Inc. New raised its stake in shares of Chipotle Mexican Grill by 4,831.7% during the 2nd quarter. Cigna Investments Inc. New now owns 14,450 shares of the restaurant operator’s stock valued at $906,000 after purchasing an additional 14,157 shares during the period. Finally, Yarbrough Capital LLC raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Yarbrough Capital LLC now owns 12,050 shares of the restaurant operator’s stock valued at $755,000 after purchasing an additional 11,809 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMG shares. Oppenheimer decreased their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday. Evercore ISI decreased their target price on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets cut their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Finally, Wells Fargo & Company upped their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.36.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Down 2.4 %

Shares of NYSE:CMG traded down $1.31 during trading on Friday, hitting $52.66. The stock had a trading volume of 11,731,323 shares, compared to its average volume of 15,152,428. Chipotle Mexican Grill, Inc. has a 12 month low of $35.37 and a 12 month high of $69.26. The company has a market capitalization of $72.32 billion, a PE ratio of 56.72, a PEG ratio of 2.23 and a beta of 1.24. The firm’s fifty day moving average is $122.74 and its 200 day moving average is $80.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $12.65 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

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.