Chipotle Mexican Grill (NYSE:CMG) Stock Price Expected to Rise, Mizuho Analyst Says

Chipotle Mexican Grill (NYSE:CMG) had its target price increased by Mizuho from $34.00 to $36.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s target price would indicate a potential downside of 3.99% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $40.00 price objective (down previously from $60.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Evercore ISI reiterated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Stephens reduced their target price on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Finally, Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.87.

Chipotle Mexican Grill Trading Up 1.3%

NYSE:CMG traded up $0.50 during midday trading on Friday, hitting $37.50. 5,307,521 shares of the stock were exchanged, compared to its average volume of 17,453,586. The company has a market capitalization of $49.58 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 3.78 and a beta of 0.97. Chipotle Mexican Grill has a one year low of $29.75 and a one year high of $60.20. The business has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $41.63.

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

Institutional Trading of Chipotle Mexican Grill

Large investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $55,000. Swiss Life Asset Management Ltd grew its holdings in shares of Chipotle Mexican Grill by 9.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 280,593 shares of the restaurant operator’s stock valued at $10,996,000 after acquiring an additional 24,050 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth $66,000. Maple Capital Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.9% during the third quarter. Maple Capital Management Inc. now owns 365,616 shares of the restaurant operator’s stock worth $14,328,000 after acquiring an additional 10,280 shares in the last quarter. Finally, Blue Fin Capital Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.8% during the third quarter. Blue Fin Capital Inc. now owns 16,311 shares of the restaurant operator’s stock worth $639,000 after acquiring an additional 449 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

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.