Meeder Advisory Services Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meeder Advisory Services Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,981 shares of the restaurant operator’s stock after purchasing an additional 959 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Chipotle Mexican Grill were worth $1,151,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Semmax Financial Advisors Inc. lifted its stake in shares of Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 9 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $44,000. LRI Investments LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth about $168,000. Pacific Center for Financial Services increased its stake in Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after buying an additional 4 shares during the period. Finally, Western Pacific Wealth Management LP lifted its holdings in Chipotle Mexican Grill by 27.3% during the 1st quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock valued at $203,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Piper Sandler upped their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Guggenheim lifted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 0.4 %

Shares of Chipotle Mexican Grill stock opened at $58.84 on Tuesday. Chipotle Mexican Grill, Inc. has a 12-month low of $43.20 and a 12-month high of $69.26. The firm’s 50 day simple moving average is $58.11 and its two-hundred day simple moving average is $81.28. The firm has a market capitalization of $80.17 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Chipotle Mexican Grill 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.