Chipotle Mexican Grill (NYSE:CMG) Reaches New 1-Year Low – Here’s What Happened

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $47.55 and last traded at $47.87, with a volume of 5679182 shares changing hands. The stock had previously closed at $49.65.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, KeyCorp reduced their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.74.

Chipotle Mexican Grill Stock Up 0.2 %

The firm has a 50-day moving average price of $54.87 and a 200 day moving average price of $57.77. The firm has a market capitalization of $66.51 billion, a PE ratio of 44.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $31,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $38,000. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at $37,000. Finally, Financial Life Planners purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $45,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.