Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $46.03 Consensus Target Price from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report) has earned an average rating of “Moderate Buy” from the thirty-five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twenty-three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $45.6452.

CMG has been the topic of a number of recent research reports. Telsey Advisory Group cut their target price on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday. Piper Sandler cut their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, Guggenheim dropped their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st.

View Our Latest Stock Report on CMG

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors have recently modified their holdings of the business. Revolve Wealth Partners LLC raised its position in shares of 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 acquiring an additional 214 shares in the last quarter. Centurion Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 260 shares in the last quarter. City State Bank boosted its holdings in shares of Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 275 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after buying an additional 291 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in shares of Chipotle Mexican Grill by 7.4% in the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 295 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 1.5%

NYSE CMG opened at $28.81 on Friday. Chipotle Mexican Grill has a 12 month low of $28.16 and a 12 month high of $58.42. The stock has a market cap of $36.95 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.88 and a beta of 0.99. The stock’s fifty day moving average price is $33.02 and its 200-day moving average price is $35.26.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill News Roundup

Here are the key news stories impacting Chipotle Mexican Grill this week:

Chipotle Mexican Grill Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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