Chipotle Mexican Grill (NYSE:CMG) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report report published on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $37.00 target price on the restaurant operator’s stock.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Argus restated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Gordon Haskett cut Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Telsey Advisory Group reduced their target price on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $48.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $47.13.

Chipotle Mexican Grill Stock Up 1.9%

CMG stock opened at $32.61 on Monday. Chipotle Mexican Grill has a 52 week low of $29.75 and a 52 week high of $58.42. The business has a 50-day simple moving average of $36.22 and a 200 day simple moving average of $36.80. The company has a market cap of $42.48 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in the 4th 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 in the last quarter. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in shares of Chipotle Mexican Grill by 9.4% during the second quarter. Level Four Advisory Services LLC now owns 7,568 shares of the restaurant operator’s stock worth $425,000 after purchasing an additional 648 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Chipotle Mexican Grill by 30.6% in the second quarter. Mackenzie Financial Corp now owns 244,893 shares of the restaurant operator’s stock valued at $13,751,000 after buying an additional 57,362 shares during the period. 91.30% of the stock is currently 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.