173,163 Chipotle Mexican Grill, Inc. $CMG Shares Bought by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Chipotle stake by 623% in the second quarter, acquiring 173,163 additional shares for a total holding of 200,958 shares valued at approximately $6.83 million.
• Institutional investors own 91.3% of Chipotle’s shares, with major positions held by Capital World Investors, Capital International Investors, BlackRock and Norges Bank. An insider separately sold 2,675 shares.
• Chipotle reported quarterly EPS of $0.33 and revenue of $3.35 billion, slightly exceeding analyst estimates. The stock opened at $31.98, while analysts maintain a consensus “Moderate Buy” rating with a $43.84 target price.

Envestnet Portfolio Solutions Inc. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 623.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,958 shares of the restaurant operator's stock after acquiring an additional 173,163 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Chipotle Mexican Grill were worth $6,833,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $4,417,475,000. Capital World Investors grew its holdings in shares of Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator's stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares in the last quarter. Capital International Investors increased its position in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator's stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $711,837,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Chipotle Mexican Grill by 19.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator's stock valued at $527,469,000 after purchasing an additional 2,727,762 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company's stock.

Chipotle Mexican Grill Stock Down 2.2%

NYSE CMG opened at $31.98 on Friday. The company has a market cap of $40.47 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81. The business's fifty day moving average is $34.89 and its 200 day moving average is $33.68.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of analyst reports. UBS Group reiterated a "buy" rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Robert W. Baird restated a "neutral" rating and issued a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. DA Davidson upped their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Argus increased their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.84.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children's meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.

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