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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned an average recommendation of “Moderate Buy” from the thirty-four analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.2414.

A number of equities analysts have issued reports on CMG shares. Evercore reiterated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. KeyCorp decreased their target price on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Sanford C. Bernstein boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $26,000. Finally, MV Capital Management Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $36.57 on Thursday. Chipotle Mexican Grill has a one year low of $29.75 and a one year high of $58.42. The firm’s fifty day moving average is $38.47 and its 200 day moving average is $38.20. The firm has a market cap of $47.63 billion, a PE ratio of 32.08, a P/E/G ratio of 2.30 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

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.