Analysts Set Chipotle Mexican Grill, Inc. (NYSE:CMG) PT at $43.86

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $43.8571.

Several equities analysts have commented on CMG shares. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Royal Bank Of Canada restated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, May 5th. Mizuho increased their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, Morgan Stanley set a $37.00 price target on Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors have recently modified their holdings of CMG. Vanguard Group Inc. increased its position in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. Capital World Investors lifted its holdings in shares of Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after purchasing an additional 9,237,720 shares during the period. Capital International Investors boosted its stake in shares of Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $711,837,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $32.01 on Friday. The stock has a market capitalization of $41.06 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.10 and a beta of 0.97. Chipotle Mexican Grill has a 1 year low of $28.03 and a 1 year high of $47.18. The business’s 50 day simple moving average is $32.64 and its 200-day simple moving average is $34.76.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, sell-side analysts expect that Chipotle Mexican Grill will post 1.13 earnings per share for the current year.

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.