Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $49.81 Average PT from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned an average recommendation of “Moderate Buy” from the thirty-six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, twenty-two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $49.8065.

CMG has been the topic of several recent analyst reports. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Stephens cut their price objective on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, September 9th. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the period. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $224,000. Alps Advisors Inc. boosted its position in Chipotle Mexican Grill by 16.8% during the 1st quarter. Alps Advisors Inc. now owns 7,233 shares of the restaurant operator’s stock worth $363,000 after acquiring an additional 1,039 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Chipotle Mexican Grill by 69.9% during the 1st quarter. Stephens Inc. AR now owns 15,459 shares of the restaurant operator’s stock worth $776,000 after acquiring an additional 6,362 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Chipotle Mexican Grill by 11.4% during the 1st quarter. CWM LLC now owns 58,529 shares of the restaurant operator’s stock worth $2,939,000 after acquiring an additional 6,004 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $31.38 on Tuesday. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.65 and a beta of 0.98. The company’s 50 day simple moving average is $38.36 and its 200 day simple moving average is $45.57. Chipotle Mexican Grill has a fifty-two week low of $29.75 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. As a group, analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.