Wealth Enhancement Advisory Services LLC Grows Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Chipotle Mexican Grill by 6.2%, now owning 396,506 shares valued at approximately $22.6 million.
• Institutional investors control about 91.30% of Chipotle's stock, indicating strong confidence in the company's prospects.
• Chipotle's recent quarterly earnings report showed earnings per share at $0.33, slightly exceeding estimates, with a year-over-year revenue increase of 3%.

Wealth Enhancement Advisory Services LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 396,506 shares of the restaurant operator's stock after buying an additional 23,074 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Chipotle Mexican Grill were worth $22,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC lifted its stake in shares of 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 purchasing an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $224,000. Focus Partners Advisor Solutions LLC lifted its stake in shares of Chipotle Mexican Grill by 155.5% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 10,025 shares of the restaurant operator's stock valued at $605,000 after purchasing an additional 6,101 shares during the last quarter. Finally, Vise Technologies Inc. lifted its stake in shares of Chipotle Mexican Grill by 78.1% in the 4th quarter. Vise Technologies Inc. now owns 11,620 shares of the restaurant operator's stock valued at $701,000 after purchasing an additional 5,094 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 2.2%

Shares of Chipotle Mexican Grill stock traded up $0.88 during trading on Monday, reaching $40.20. The company's stock had a trading volume of 27,372,784 shares, compared to its average volume of 14,970,518. The company has a 50-day simple moving average of $43.88 and a two-hundred day simple moving average of $48.59. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The company has a market cap of $53.90 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 2.00 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Melius assumed coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. TD Securities reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Redburn Atlantic started coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, Truist Financial reduced their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

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.