Chipotle Mexican Grill’s (CMG) “Equal Weight” Rating Reiterated at Stephens

Stephens reissued their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Thursday,Benzinga reports. The brokerage currently has a $38.00 price objective on the restaurant operator’s stock.

A number of other brokerages also recently issued reports on CMG. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target on shares of Chipotle Mexican Grill in a report on Thursday. Seaport Research Partners began coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, September 16th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $50.00 price objective (up from $40.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Finally, Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Twenty-seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.36.

Chipotle Mexican Grill Trading Up 2.0%

CMG stock opened at $31.89 on Thursday. The firm’s 50-day moving average price is $33.07 and its two-hundred day moving average price is $34.12. Chipotle Mexican Grill has a 12-month low of $27.31 and a 12-month high of $41.42. The stock has a market capitalization of $40.35 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.99 and a beta of 0.96.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.29 billion. Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Equities analysts predict that Chipotle Mexican Grill will post 1.10 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently bought and sold shares of CMG. Citizens Financial Group Inc. RI grew its stake in shares of Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 311 shares during the period. ANB Bank lifted its position in Chipotle Mexican Grill by 5.8% during the first quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock valued at $202,000 after purchasing an additional 349 shares during the period. State of Wyoming boosted its holdings in Chipotle Mexican Grill by 10.9% in the first quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after purchasing an additional 368 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in Chipotle Mexican Grill by 2.9% in the first quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock worth $425,000 after purchasing an additional 377 shares during the last quarter. Finally, GM Advisory Group LLC grew its position in Chipotle Mexican Grill by 7.2% in the 1st quarter. GM Advisory Group LLC now owns 6,434 shares of the restaurant operator’s stock worth $206,000 after purchasing an additional 434 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
• Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
• Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.