Envestnet Asset Management Inc. Has $271.08 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Envestnet Asset Management Inc. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,495,467 shares of the restaurant operator’s stock after purchasing an additional 306,015 shares during the period. Envestnet Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $271,077,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $47.29 on Friday. The firm’s 50-day simple moving average is $53.16 and its 200 day simple moving average is $57.33. The stock has a market cap of $64.09 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.78 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMG shares. Jefferies Financial Group lifted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Wedbush reduced their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

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.