Chipotle Mexican Grill (NYSE:CMG) Stock Rating Lowered by Wall Street Zen

Chipotle Mexican Grill (NYSE:CMG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

CMG has been the subject of a number of other reports. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Citigroup increased their target price on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Stock Up 1.2%

Shares of NYSE:CMG opened at $36.28 on Friday. The firm has a 50 day moving average of $38.13 and a 200 day moving average of $38.42. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. Chipotle Mexican Grill has a 52 week low of $29.75 and a 52 week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $224,000. Empowered Funds LLC increased its holdings in Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares during the period. Ritholtz Wealth Management raised its position in Chipotle Mexican Grill by 13.3% during the 2nd quarter. Ritholtz Wealth Management now owns 11,254 shares of the restaurant operator’s stock worth $632,000 after buying an additional 1,320 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in Chipotle Mexican Grill by 2.8% during the 2nd quarter. Mutual Advisors LLC now owns 21,744 shares of the restaurant operator’s stock valued at $1,221,000 after acquiring an additional 602 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.