Envestnet Asset Management Inc. Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Envestnet Asset Management Inc. cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $30,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $38,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Barclays increased their price target on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Nine investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.93.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $55.49 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The stock has a market cap of $74.77 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 2.75 and a beta of 1.08. The firm has a 50-day moving average of $52.26 and a 200 day moving average of $53.24.

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

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by company insiders.

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.

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