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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given an average rating of “Moderate Buy” by the thirty-six ratings firms that are currently covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $49.5667.

Several research firms recently issued reports on CMG. Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada cut their target price on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Truist Financial decreased their price target on Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Evercore ISI reissued an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Finally, Sanford C. Bernstein raised their price objective on Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $38.58 on Wednesday. The firm has a market cap of $51.01 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 3.73 and a beta of 0.97. The stock has a 50-day simple moving average of $34.28 and a 200-day simple moving average of $41.18. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $59.57.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The firm 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 45.39%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Trading of Chipotle Mexican Grill

Large investors have recently modified their holdings of the company. Ascent Group LLC lifted its position in Chipotle Mexican Grill by 3.5% during the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares during the period. Occidental Asset Management LLC lifted its position in shares of Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares during the last quarter. Perennial Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 3.1% during the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 200 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in Chipotle Mexican Grill by 2.0% during the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after purchasing an additional 208 shares during the period. 91.30% of the stock is owned by institutional investors.

About Chipotle Mexican Grill

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.