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

Envestnet Asset Management Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,334 shares of the restaurant operator’s stock after purchasing an additional 1,130 shares during the period. Envestnet Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $1,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 55 shares during the period. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 250 shares during the period. CIBC World Markets Inc. bought a new position in Chipotle Mexican Grill during the second quarter worth about $205,000. Pacer Advisors Inc. lifted its stake in Chipotle Mexican Grill by 6.2% during the second quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 29 shares during the period. Finally, Merriman Wealth Management LLC bought a new position in Chipotle Mexican Grill during the second quarter worth about $208,000. Hedge funds and other institutional investors own 88.43% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up $3.53 during mid-day trading on Thursday, reaching $325.50. 813,572 shares of the company traded hands, compared to its average volume of 1,210,000. Chipotle Mexican Grill, Inc. has a 1 year low of $263.00 and a 1 year high of $499.00. The company has a market cap of $9,190.00, a PE ratio of 63.08, a PEG ratio of 1.92 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.58 EPS for the current year.

A number of research analysts have commented on the stock. ValuEngine cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BMO Capital Markets restated a “market perform” rating and set a $275.00 price target (down previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Robert W. Baird set a $300.00 price target on shares of Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity cut their target price on shares of Chipotle Mexican Grill from $400.00 to $325.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Finally, SunTrust Banks set a $355.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, October 25th. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $357.00.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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