Envestnet Portfolio Solutions Inc. Has $11.08 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Envestnet Portfolio Solutions Inc. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 69.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,554 shares of the restaurant operator’s stock after purchasing an additional 123,177 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Chipotle Mexican Grill were worth $11,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the period. Capital World Investors boosted its position in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after acquiring an additional 48,398,628 shares during the last quarter. Capital International Investors boosted its position in Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after acquiring an additional 11,471,658 shares during the last quarter. Sustainable Growth Advisers LP boosted its position in Chipotle Mexican Grill by 17.5% during the third quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock valued at $489,704,000 after acquiring an additional 1,862,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Chipotle Mexican Grill by 24.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock valued at $448,084,000 after acquiring an additional 2,265,122 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Price Performance

CMG stock opened at $32.98 on Wednesday. The stock has a market capitalization of $42.30 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03. The company’s 50-day moving average is $33.43 and its 200-day moving average is $35.22. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.