Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,150,944 shares of the restaurant operator's stock after selling 344,523 shares during the period. 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 large investors have also modified their holdings of the company. Tortoise Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after acquiring an additional 176 shares during the last quarter. 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 worth $290,000 after acquiring an additional 214 shares during 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 worth $376,000 after acquiring an additional 221 shares during the last quarter. SlateStone Wealth LLC grew its stake in shares of Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock worth $434,000 after acquiring an additional 235 shares during the last quarter. Finally, Northwest Bank & Trust Co grew its stake in shares of Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

CMG traded up $0.55 during trading hours on Wednesday, reaching $56.00. The company's stock had a trading volume of 8,638,628 shares, compared to its average volume of 12,789,801. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The stock has a market cap of $75.45 billion, a PE ratio of 49.56, a P/E/G ratio of 2.75 and a beta of 1.08. The business's 50-day moving average is $52.26 and its 200-day moving average is $53.24.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (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 the consensus estimate 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 prior year, the firm posted $13.37 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm'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 transaction of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday. Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. KeyCorp cut their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, TD Securities reissued a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Nine investment 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.04.

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.