Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Rating of “Moderate Buy” by Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received a consensus recommendation of “Moderate Buy” from the thirty-six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twenty-two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $49.8065.

CMG has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price target on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating and set a $40.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently bought and sold shares of CMG. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after purchasing an additional 2,470,213 shares during the last quarter. Capital World Investors grew its stake in Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after acquiring an additional 48,398,628 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after acquiring an additional 4,027,016 shares in the last quarter. Capital International Investors raised its position in Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after acquiring an additional 11,471,658 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Chipotle Mexican Grill by 1.9% in the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock valued at $1,859,211,000 after purchasing an additional 606,190 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $36.13 on Friday. Chipotle Mexican Grill has a 1-year low of $29.75 and a 1-year high of $66.43. The stock has a market cap of $47.77 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.56 and a beta of 0.99. The stock’s 50 day simple moving average is $35.63 and its 200-day simple moving average is $42.96.

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

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.