Chipotle Mexican Grill (NYSE:CMG) Given Equal Weight Rating at Stephens

Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “equal weight” rating restated by investment analysts at Stephens in a research note issued on Monday,Benzinga reports. They currently have a $49.00 price target on the restaurant operator’s stock. Stephens’ price objective suggests a potential downside of 5.41% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Loop Capital dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, UBS Group dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.70 during mid-day trading on Monday, reaching $51.81. 2,917,931 shares of the company’s stock traded hands, compared to its average volume of 12,821,795. Chipotle Mexican Grill has a 12 month low of $44.46 and a 12 month high of $69.26. The firm has a 50 day moving average price of $50.12 and a two-hundred day moving average price of $54.62. The firm has a market capitalization of $69.80 billion, a PE ratio of 46.66, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted $13.37 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its position in Chipotle Mexican Grill by 2.3% in the 1st quarter. First Hawaiian Bank now owns 42,538 shares of the restaurant operator’s stock worth $2,136,000 after purchasing an additional 960 shares during the period. Modern Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 8.7% during the first quarter. Modern Wealth Management LLC now owns 6,790 shares of the restaurant operator’s stock worth $341,000 after acquiring an additional 542 shares during the period. Strs Ohio purchased a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $93,571,000. Mattson Financial Services LLC increased its position in shares of Chipotle Mexican Grill by 62.8% during the first quarter. Mattson Financial Services LLC now owns 1,841 shares of the restaurant operator’s stock worth $92,000 after acquiring an additional 710 shares during the period. Finally, Indiana Trust & Investment Management Co increased its position in shares of Chipotle Mexican Grill by 7.4% during the first quarter. Indiana Trust & Investment Management Co now owns 7,285 shares of the restaurant operator’s stock worth $366,000 after acquiring an additional 505 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.