Envestnet Portfolio Solutions Inc. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Envestnet Portfolio Solutions Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,595 shares of the restaurant operator’s stock after acquiring an additional 12,416 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Chipotle Mexican Grill were worth $6,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Choate Investment Advisors boosted its holdings in Chipotle Mexican Grill by 5.0% during the 4th quarter. Choate Investment Advisors now owns 21,231 shares of the restaurant operator’s stock valued at $1,280,000 after acquiring an additional 1,002 shares during the period. Natixis Advisors LLC boosted its holdings in Chipotle Mexican Grill by 4.2% during the 4th quarter. Natixis Advisors LLC now owns 1,827,797 shares of the restaurant operator’s stock valued at $110,216,000 after acquiring an additional 73,956 shares during the period. Frank Rimerman Advisors LLC boosted its holdings in Chipotle Mexican Grill by 14.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 7,061 shares of the restaurant operator’s stock valued at $426,000 after acquiring an additional 912 shares during the period. Hills Bank & Trust Co boosted its holdings in Chipotle Mexican Grill by 0.4% during the 4th quarter. Hills Bank & Trust Co now owns 84,428 shares of the restaurant operator’s stock valued at $5,091,000 after acquiring an additional 361 shares during the period. Finally, Wellington Shields & Co. LLC boosted its holdings in Chipotle Mexican Grill by 45.5% during the 4th quarter. Wellington Shields & Co. LLC now owns 12,800 shares of the restaurant operator’s stock valued at $772,000 after acquiring an additional 4,000 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.85.

Chipotle Mexican Grill Trading Down 0.8 %

NYSE:CMG opened at $49.61 on Tuesday. The firm has a market cap of $67.24 billion, a P/E ratio of 44.69, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50 day simple moving average is $55.25 and its 200-day simple moving average is $57.89. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.