Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives Consensus Rating of “Moderate Buy” from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $62.88.

A number of brokerages recently commented on CMG. Loop Capital lowered their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Barclays lowered their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group cut their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Argus raised their price target on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Oppenheimer cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of CMG. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $29,000. Semmax Financial Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $44,000. Turtle Creek Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter valued at about $37,000. Finally, ICA Group Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $52.56 on Wednesday. The company has a market cap of $72.18 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 2.03 and a beta of 1.24. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26. The stock’s 50 day simple moving average is $124.89 and its two-hundred day simple moving average is $80.10.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $12.65 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill will post 1.09 EPS for the current year.

Chipotle Mexican Grill Company Profile

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.