Meeder Advisory Services Inc. Takes $780,000 Position in Chipotle Mexican Grill, Inc. $CMG

Meeder Advisory Services Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 22,953 shares of the restaurant operator’s stock, valued at approximately $780,000.

Other hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $25,000. MV Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $26,000. Osbon Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $28,000. Meeder Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $27,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill News Summary

Here are the key news stories impacting Chipotle Mexican Grill this week:

Analyst Ratings Changes

CMG has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Citigroup cut their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Argus lifted their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley boosted their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.16.

View Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 3.7%

Shares of Chipotle Mexican Grill stock opened at $34.59 on Thursday. The stock has a market capitalization of $43.78 billion, a P/E ratio of 31.74, a PEG ratio of 2.13 and a beta of 0.94. The stock has a 50 day moving average price of $33.63 and a two-hundred day moving average price of $34.00. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $43.99.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

About Chipotle Mexican Grill

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

Featured Stories

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

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