Mizuho upgraded shares of Chipotle Mexican Grill (NYSE:CMG – Free Report) from a neutral rating to an outperform rating in a research note published on Friday, Marketbeat.com reports. They currently have $40.00 price objective on the restaurant operator’s stock, up from their previous price objective of $37.00.
Other research analysts also recently issued reports about the company. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. DA Davidson began coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. TD Cowen reissued a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Friday. Citigroup boosted their price objective on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.47.
Chipotle Mexican Grill Price Performance
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.
Institutional Investors Weigh In On Chipotle Mexican Grill
Several hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its position in Chipotle Mexican Grill by 6.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 194,313 shares of the restaurant operator’s stock worth $7,190,000 after buying an additional 11,489 shares in the last quarter. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $28,000. Meadowbrook Advisors Group LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $349,000. Rehmann Capital Advisory Group lifted its position in shares of Chipotle Mexican Grill by 23.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 6,418 shares of the restaurant operator’s stock worth $238,000 after acquiring an additional 1,228 shares during the period. Finally, Tulsa Wealth Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $453,000. 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: Mizuho upgraded CMG from Neutral to Outperform and raised its price target to $40, citing a more measured pricing plan this year, new menu items and a push into high‑protein offerings that could help traffic and AUVs. Mizuho Upgrade
- Positive Sentiment: TD Cowen reaffirmed a Buy rating with a $44 price target, signaling continued analyst conviction and upside (~32% from current levels) that can attract buyers. TD Cowen Reaffirmation
- Positive Sentiment: Mizuho/MarketWatch commentary highlights operational levers — gentler pricing, new menu innovation and targeting lunch/customizable preferences for younger consumers — that could revive demand if executed well. MarketWatch Analysis
- Neutral Sentiment: Company marketing/product action: a Yahoo Finance video/demo showcases new menu items aimed at bringing back the lunch crowd and appealing to customizable preferences — positive for comps but execution/timing uncertain. Yahoo Video
- Negative Sentiment: Short‑term share weakness and headlines: recent coverage notes CMG has fallen more steeply than the broader market (articles documenting ~5% drops), which can amplify momentum selling and volatility. Share Drop Coverage
- Negative Sentiment: Broader industry pressure: reporting on other Mexican‑chain struggles and restaurant bankruptcies underscores margin and traffic risks from inflation and weaker consumer spending — a reminder of macro downside that could weigh on CMG despite its strengths. Industry Risk Article
Chipotle Mexican Grill Company Profile
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.
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