Meeder Advisory Services Inc. Purchases 1,740 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meeder Advisory Services Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,721 shares of the restaurant operator’s stock after acquiring an additional 1,740 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Chipotle Mexican Grill were worth $1,310,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $315,220,000. Finally, Clearbridge Investments LLC grew its holdings in Chipotle Mexican Grill by 2,145.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock worth $191,757,000 after acquiring an additional 3,038,460 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $52.04 on Thursday. The stock’s 50-day simple moving average is $53.50 and its 200 day simple moving average is $57.46. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The company has a market cap of $70.53 billion, a P/E ratio of 46.87, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.