Envestnet Asset Management Inc. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,495,467 shares of the restaurant operator's stock after buying an additional 306,015 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.33% of Chipotle Mexican Grill worth $271,077,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $24,242,000. Pitcairn Co. lifted its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Pitcairn Co. now owns 8,082 shares of the restaurant operator's stock valued at $487,000 after purchasing an additional 363 shares in the last quarter. Spahn Wealth & Retirement LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $3,220,000. Arete Wealth Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 36.8% during the 4th quarter. Arete Wealth Advisors LLC now owns 9,534 shares of the restaurant operator's stock worth $575,000 after purchasing an additional 2,566 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in shares of Chipotle Mexican Grill by 31.6% during the fourth quarter. Motley Fool Asset Management LLC now owns 72,528 shares of the restaurant operator's stock worth $4,373,000 after buying an additional 17,414 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.
Chipotle Mexican Grill Trading Up 2.1 %
CMG stock traded up $0.96 during trading on Wednesday, reaching $46.94. The stock had a trading volume of 4,991,713 shares, compared to its average volume of 13,334,034. The firm has a fifty day moving average price of $52.44 and a 200 day moving average price of $57.09. The company has a market capitalization of $63.62 billion, a P/E ratio of 42.27, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.
Wall Street Analysts Forecast Growth
CMG has been the topic of several recent analyst reports. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Stephens decreased their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus dropped their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.10.
Check Out Our Latest Stock Report on Chipotle Mexican Grill
Chipotle Mexican Grill Company Profile
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Free Report)
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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