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

Meeder Advisory Services Inc. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,953 shares of the restaurant operator’s stock, valued at approximately $780,000.

Several other large investors have also bought and sold shares of CMG. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill in the third quarter worth about $25,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $26,000. Osbon Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $28,000. Meeder Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $27,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill News Roundup

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

Chipotle Mexican Grill Trading Up 3.7%

NYSE CMG opened at $34.59 on Thursday. The stock’s 50-day moving average price is $33.63 and its two-hundred day moving average price is $34.00. The company has a market cap of $43.78 billion, a PE ratio of 31.74, a PEG ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.99.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Argus raised their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Evercore restated an “outperform” rating and issued a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Morgan Stanley increased their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.16.

Read Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Company Profile

(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.

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

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