Envestnet Portfolio Solutions Inc. Sells 7,233 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Chipotle Mexican Grill by 6.7%, selling 7,233 shares and holding a total of 100,424 shares valued at approximately $5.6 million.
• Analysts have mixed views on Chipotle, with targets ranging from $53.00 to $65.00, and a consensus rating of "Moderate Buy."
• Chipotle's recent earnings report revealed a net margin of 13.32% with a revenue of $3.06 billion, showing a year-over-year growth despite missing analysts’ expectations.

Envestnet Portfolio Solutions Inc. cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,424 shares of the restaurant operator's stock after selling 7,233 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Chipotle Mexican Grill were worth $5,639,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CMG. Cloud Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $28,000. Finally, HighMark Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMG. UBS Group increased their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, July 17th. BTIG Research restated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. Melius began coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 target price for the company. Finally, Evercore ISI dropped their target price on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $58.07.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $42.08 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The stock has a 50 day simple moving average of $41.14 and a two-hundred day simple moving average of $47.51. The stock has a market cap of $56.42 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the business posted $0.34 EPS. The business's revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.

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