Chipotle Mexican Grill (NYSE:CMG) Earns Neutral Rating from Analysts at Seaport Research Partners

Seaport Research Partners began coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a neutral rating on the restaurant operator’s stock.

Several other research analysts have also issued reports on the stock. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Argus boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Raymond James Financial restated an “outperform” rating and issued a $42.50 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Finally, Morgan Stanley lifted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $43.84.

Chipotle Mexican Grill Trading Down 0.3%

NYSE CMG opened at $33.40 on Wednesday. Chipotle Mexican Grill has a 1-year low of $28.03 and a 1-year high of $42.81. The company has a market capitalization of $42.26 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 2.05 and a beta of 0.94. The stock’s 50 day moving average is $35.12 and its two-hundred day moving average is $33.82.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping 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 company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business posted $0.33 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill will post 1.15 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the stock. Groupama Asset Managment increased its stake in Chipotle Mexican Grill by 1.9% during the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after acquiring an additional 291 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of Chipotle Mexican Grill by 2.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 311 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 14.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 316 shares during the period. CYBER HORNET ETFs LLC grew its holdings in shares of Chipotle Mexican Grill by 8.9% during the 4th quarter. CYBER HORNET ETFs LLC now owns 3,942 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 322 shares in the last quarter. Finally, ANB Bank grew its holdings in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock worth $202,000 after purchasing an additional 349 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that operates restaurants under the Chipotle Mexican Grill brand. Its menu centers on customizable Mexican-inspired food, including burritos, bowls, tacos and salads, along with sides, beverages and children’s meals.

The company emphasizes cooking with responsibly sourced ingredients and preparing food in its restaurants. Customers can order meals in person, through digital ordering channels, for pickup or delivery. Chipotle serves customers primarily in the United States, with additional restaurants in Canada, the United Kingdom, France and Germany.

Chipotle was founded in 1993 by Steve Ells in Denver, Colorado.