Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Meeder Asset Management Inc.


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Meeder Asset Management Inc. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,347.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,589 shares of the restaurant operator’s stock after purchasing an additional 3,341 shares during the quarter. Meeder Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $5,098,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. JustInvest LLC grew its holdings in shares of Chipotle Mexican Grill by 27.2% during the first quarter. JustInvest LLC now owns 299 shares of the restaurant operator’s stock worth $425,000 after purchasing an additional 64 shares during the last quarter. US Bancorp DE lifted its position in Chipotle Mexican Grill by 7.6% in the first quarter. US Bancorp DE now owns 1,990 shares of the restaurant operator’s stock valued at $2,827,000 after purchasing an additional 141 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Chipotle Mexican Grill by 41.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,394 shares of the restaurant operator’s stock valued at $6,167,000 after acquiring an additional 1,291 shares during the period. Wealth Advisors Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $306,000. Finally, LifePro Asset Management raised its position in shares of Chipotle Mexican Grill by 12.8% during the 1st quarter. LifePro Asset Management now owns 10,274 shares of the restaurant operator’s stock worth $14,598,000 after purchasing an additional 1,163 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

CMG traded down $34.27 on Tuesday, hitting $1,436.77. The company had a trading volume of 7,902 shares, compared to its average volume of 288,910. Chipotle Mexican Grill, Inc. has a 12-month low of $856.50 and a 12-month high of $1,579.52. The stock has a market capitalization of $40.49 billion, a price-to-earnings ratio of 175.96, a P/E/G ratio of 3.21 and a beta of 1.31. The stock has a fifty day moving average price of $1,476.72 and a 200-day moving average price of $1,404.32.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, April 20th. The restaurant operator reported $5.36 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.44. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. Chipotle Mexican Grill had a return on equity of 16.70% and a net margin of 4.08%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.08 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 10.96 earnings per share for the current fiscal year.

In related news, Director Neil Flanzraich purchased 230 shares of the company’s stock in a transaction dated Wednesday, March 17th. The shares were acquired at an average cost of $1,478.60 per share, with a total value of $340,078.00. Following the completion of the purchase, the director now owns 379 shares of the company’s stock, valued at approximately $560,389.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 4,757 shares of the company’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $1,311.22, for a total transaction of $6,237,473.54. Following the completion of the transaction, the chief executive officer now directly owns 47,044 shares in the company, valued at $61,685,033.68. The disclosure for this sale can be found here. Insiders sold a total of 22,130 shares of company stock worth $32,354,586 over the last quarter. Company insiders own 1.00% of the company’s stock.

Several analysts have commented on CMG shares. KeyCorp lifted their target price on shares of Chipotle Mexican Grill from $1,725.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Truist upped their target price on shares of Chipotle Mexican Grill from $1,700.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Tuesday, April 6th. Argus upped their target price on shares of Chipotle Mexican Grill from $1,460.00 to $1,700.00 in a research report on Thursday, February 4th. Telsey Advisory Group upped their target price on shares of Chipotle Mexican Grill from $1,350.00 to $1,600.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 3rd. Finally, Loop Capital increased their price objective on shares of Chipotle Mexican Grill from $1,600.00 to $1,800.00 and gave the company a “buy” rating in a report on Thursday, February 4th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Chipotle Mexican Grill has a consensus rating of “Buy” and an average price target of $1,655.29.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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

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