Envestnet Asset Management Inc. Sells 344,523 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Envestnet Asset Management Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,150,944 shares of the restaurant operator's stock after selling 344,523 shares during the quarter. Envestnet Asset Management Inc. owned about 0.31% of Chipotle Mexican Grill worth $208,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC lifted its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Chipotle Mexican Grill by 100.5% during the 4th quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock worth $422,000 after purchasing an additional 3,507 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $366,000. Finally, PNC Financial Services Group Inc. grew its stake in Chipotle Mexican Grill by 1.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 390,894 shares of the restaurant operator's stock valued at $23,571,000 after buying an additional 5,356 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of a number of research reports. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Morgan Stanley decreased their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, TD Securities restated a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $61.04.

Chipotle Mexican Grill Price Performance

Shares of CMG traded up $1.01 during trading hours on Thursday, hitting $56.95. The company's stock had a trading volume of 3,220,223 shares, compared to its average volume of 12,809,194. The company has a market cap of $76.73 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 2.75 and a beta of 1.08. The business has a 50 day simple moving average of $52.37 and a two-hundred day simple moving average of $53.26. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $13.37 earnings per share. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently 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.