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

Meridian Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,716 shares of the restaurant operator’s stock, valued at approximately $4,264,000.

Other institutional investors also recently bought and sold shares of the company. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $692,701,000. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $315,220,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Chipotle Mexican Grill by 123.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after buying an additional 1,364,635 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Chipotle Mexican Grill by 11.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after buying an additional 858,704 shares during the last quarter. Finally, AGF Management Ltd. lifted its position in Chipotle Mexican Grill by 1,158.2% during the fourth quarter. AGF Management Ltd. now owns 891,554 shares of the restaurant operator’s stock valued at $53,761,000 after purchasing an additional 820,696 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 1.0 %

Shares of NYSE:CMG opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26. The firm has a market capitalization of $65.76 billion, a PE ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. The business’s 50 day moving average is $54.53 and its 200-day 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CMG shares. Wedbush decreased their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Truist Financial raised their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Stephens lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.67.

About Chipotle Mexican Grill

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.