Meridian Wealth Advisors LLC Invests $4.26 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meridian Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 70,716 shares of the restaurant operator’s stock, valued at approximately $4,264,000.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. American Century Companies Inc. raised its position in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the last quarter. Franklin Resources Inc. raised its position in Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the 4th quarter worth $692,701,000. Finally, Janus Henderson Group PLC raised its position in Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after purchasing an additional 518,521 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0 %

NYSE:CMG opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26. The stock has a market cap of $65.76 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s fifty day simple moving average is $54.53 and its 200-day simple moving average is $57.69.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 net margin of 13.56% and a return on equity of 42.92%. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Wedbush lowered their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Piper Sandler reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company 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 upped their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

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.