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Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Rating of "Moderate Buy" by Brokerages

Chipotle Mexican Grill logo with Retail/Wholesale background
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Key Points

  • Analysts give Chipotle an average recommendation of "Moderate Buy" from 36 brokerages (24 buy, 11 hold, 1 sell) with an average 1‑year price target of $47.13.
  • Institutional ownership is very high at 91.30%, with major investors such as Capital World Investors, Vanguard, Norges Bank and Clearbridge substantially increasing their positions recently.
  • Chipotle reported a slight quarterly beat (EPS $0.25 vs. $0.24; revenue $2.98B vs. $2.96B), revenue rose 4.9% year‑over‑year, and the stock trades at a P/E of 30.06 within a 12‑month range of $29.75–$58.42.
  • Interested in Chipotle Mexican Grill? Here are five stocks we like better.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirty-six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.1290.

CMG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Evercore reiterated an "outperform" rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Citigroup boosted their price target 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. UBS Group reiterated a "buy" rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Finally, Mizuho upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $37.00 to $40.00 in a research note on Friday, March 20th.

Read Our Latest Report on Chipotle Mexican Grill

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently made changes to their positions in CMG. Capital World Investors grew its position in shares of Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator's stock worth $3,442,645,000 after buying an additional 48,398,628 shares in the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $711,837,000. Vanguard Group Inc. grew its position in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator's stock worth $5,349,764,000 after buying an additional 18,660,882 shares in the last quarter. Capital International Investors grew its position in shares of Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator's stock worth $1,509,043,000 after buying an additional 11,471,658 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Chipotle Mexican Grill by 206.4% during the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator's stock worth $520,300,000 after buying an additional 9,473,120 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 1.4%

Shares of CMG opened at $34.27 on Friday. The firm has a market cap of $44.63 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. The company's 50-day moving average price is $35.46 and its 200 day moving average price is $36.57. Chipotle Mexican Grill has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

More Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

About Chipotle Mexican Grill

(Get Free Report)

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.

See Also

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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