Meeder Asset Management Inc. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,347.2% during the 1st quarter, HoldingsChannel reports. The fund owned 3,589 shares of the restaurant operator’s stock after acquiring 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 SEC filing.

Other large investors have also added to or reduced their stakes in the company. Edgewood Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $1,555,057,000. Norges Bank acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $355,121,000. Bouvel Investment Partners LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $1,530,000. Price T Rowe Associates Inc. MD raised its stake in Chipotle Mexican Grill by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,403,185 shares of the restaurant operator’s stock valued at $3,332,521,000 after buying an additional 78,320 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Chipotle Mexican Grill by 3.4% during the fourth quarter. BlackRock Inc. now owns 1,955,400 shares of the restaurant operator’s stock valued at $2,711,573,000 after buying an additional 64,028 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, April 20th. The restaurant operator reported $5.36 EPS for the quarter, topping the Zacks’ consensus estimate of $4.92 by $0.44. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $3.08 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 10.96 EPS for the current year.

In other news, CEO Brian R. Niccol sold 4,757 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $1,311.22, for a total transaction of $6,237,473.54. Following the sale, the chief executive officer now owns 47,044 shares in the company, valued at $61,685,033.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Christopher W. Brandt sold 1,331 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $1,478.00, for a total transaction of $1,967,218.00. Insiders have sold a total of 22,130 shares of company stock valued at $32,354,586 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the company. Raymond James raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and set a $1,800.00 target price for the company in a report on Monday, April 19th. The Goldman Sachs Group assumed coverage on Chipotle Mexican Grill in a report on Tuesday, January 19th. They set a “buy” rating and a $1,650.00 target price for the company. Stifel Nicolaus upped their target price on Chipotle Mexican Grill from $1,550.00 to $1,750.00 and gave the company a “buy” rating in a report on Monday, April 26th. Telsey Advisory Group increased their price target on Chipotle Mexican Grill from $1,350.00 to $1,600.00 and gave the company a “market perform” rating in a research note on Wednesday, February 3rd. Finally, Stephens increased their target price on Chipotle Mexican Grill from $1,450.00 to $1,600.00 and gave the company an “equal weight” rating in a report on Wednesday, April 28th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price 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.

Further Reading: Conference Calls and Individual Investors

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.