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

Meeder Advisory Services Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.7% during the fourth quarter, Holdings Channel reports. The fund owned 21,721 shares of the restaurant operator’s stock after purchasing an additional 1,740 shares during the period. Meeder Advisory Services Inc.’s holdings in Chipotle Mexican Grill were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of 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 purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Finally, Franklin Resources Inc. grew its position in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $52.04 on Thursday. The stock has a market capitalization of $70.53 billion, a price-to-earnings ratio of 46.87, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The stock has a fifty day moving average of $53.50 and a 200-day moving average of $57.46.

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

Analyst Ratings Changes

Several analysts recently issued reports on CMG shares. KeyCorp reduced their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wedbush dropped their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their target price on shares of 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, Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Eight investment 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 company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $66.38.

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.