Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $45.10 Consensus PT from Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus recommendation of “Moderate Buy” from the thirty-four ratings firms that are covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $45.10.

A number of research firms have weighed in on CMG. Guggenheim reduced their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 5th. TD Cowen reissued a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th.

Chipotle Mexican Grill Price Performance

CMG opened at $33.37 on Wednesday. Chipotle Mexican Grill has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The firm has a market capitalization of $42.80 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.15 and a beta of 0.99. The company’s 50 day moving average price is $32.37 and its two-hundred day moving average price is $35.09.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. MV Capital Management Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $28,000. Finally, Winthrop Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $31,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

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.