Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $50.23 Consensus Target Price from Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been given a consensus rating of “Moderate Buy” by the thirty-seven research firms that are currently covering the stock, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $50.2258.

A number of equities analysts recently issued reports on CMG shares. Robert W. Baird lowered their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. KeyCorp lowered their target price on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Truist Financial boosted their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Finally, Stephens dropped their price objective on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th.

Chipotle Mexican Grill Price Performance

CMG stock opened at $39.09 on Friday. The company has a market cap of $51.68 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 3.53 and a beta of 0.97. The company has a fifty day moving average price of $37.08 and a 200 day moving average price of $39.50. Chipotle Mexican Grill has a 12 month low of $29.75 and a 12 month high of $59.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the firm posted $0.27 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently made changes to their positions in CMG. Operose Advisors LLC purchased a new position in Chipotle Mexican Grill in the second quarter valued at about $25,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $26,000. Finally, Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

About Chipotle Mexican Grill

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.