Chipotle Mexican Grill (NYSE:CMG) Trading Down 2.2%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price fell 2.2% on Monday . The company traded as low as $48.25 and last traded at $51.42. 4,909,490 shares changed hands during trading, a decline of 66% from the average session volume of 14,389,100 shares. The stock had previously closed at $52.57.

Analyst Ratings Changes

A number of research analysts recently commented on CMG shares. Citigroup decreased their price target on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Guggenheim boosted their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Argus raised their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research note on Tuesday, June 18th. UBS Group increased their target price on shares of Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Raymond James decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $62.88.

Chipotle Mexican Grill Trading Down 1.5 %

The company has a market cap of $71.11 billion, a price-to-earnings ratio of 55.26, a P/E/G ratio of 2.23 and a beta of 1.24. The stock’s 50-day moving average is $124.32 and its 200-day moving average is $80.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $12.65 EPS. The business’s revenue was up 18.2% on a year-over-year basis. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at $25,000. Riverview Trust Co increased its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the last quarter. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Finally, Chilton Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth $27,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.