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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus rating of “Moderate Buy” from the thirty-five research firms that are covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $46.0323.

CMG has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, May 5th. Guggenheim cut their target price on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. KeyCorp cut their target price on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, BNP Paribas Exane upped their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th.

Institutional Trading of Chipotle Mexican Grill

Several institutional investors and hedge funds have recently modified their holdings of CMG. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $25,000. Salomon & Ludwin LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $26,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $26,000. Finally, Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $28,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $31.94 on Tuesday. The stock has a fifty day moving average price of $33.90 and a 200-day moving average price of $35.57. The company has a market cap of $40.97 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.09 and a beta of 1.03. Chipotle Mexican Grill has a fifty-two week low of $29.75 and a fifty-two week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released 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 the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Research analysts predict that Chipotle Mexican Grill will post 1.13 EPS for the current fiscal 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.