Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus recommendation of “Moderate Buy” from the thirty-three ratings firms that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $44.1607.

Several research analysts recently weighed in on the stock. Mizuho upped their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Stephens reiterated a “positive” rating and issued a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Guggenheim reiterated a “neutral” rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Morgan Stanley increased their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $38.00 to $35.00 in a research report on Friday, June 5th.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $33.65 on Thursday. The firm has a fifty day moving average of $33.48 and a 200 day moving average of $34.07. The firm has a market cap of $42.58 billion, a PE ratio of 30.87, a PEG ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill has a one year low of $28.03 and a one year high of $44.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the firm posted $0.33 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill will post 1.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. MV Capital Management Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

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.