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

Key Points

• Analysts have given Chipotle Mexican Grill, Inc. a consensus rating of "Moderate Buy", with preferences varying from hold to strong buy among the thirty-two firms covering the company.
• The stock has seen price adjustments from various analysts, with target prices ranging from $44.00 to $65.00 after recent performance reviews.
• Chipotle's recent earnings report revealed $0.33 earnings per share, beating estimates, though revenue was slightly below expectations at $3.06 billion.

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirty-two research firms that are covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $57.5517.

Several equities research analysts recently commented on CMG shares. Rothschild Redb upgraded Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Sanford C. Bernstein reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, October 2nd. Melius started coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. Barclays reduced their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group reduced their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a "hold" rating for the company in a report on Monday.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $41.73 on Friday. Chipotle Mexican Grill has a 1-year low of $38.30 and a 1-year high of $66.74. The business has a fifty day moving average price of $41.10 and a 200-day moving average price of $47.41. The company has a market capitalization of $55.96 billion, a PE ratio of 37.26, a PEG ratio of 2.52 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the company earned $0.34 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock valued at $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $753,000. Advisors Asset Management Inc. grew its stake in shares of Chipotle Mexican Grill by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period. Hilltop National Bank bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $2,579,000. Finally, Banco Santander S.A. grew its stake in shares of Chipotle Mexican Grill by 47.6% during the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock valued at $1,595,000 after purchasing an additional 10,246 shares during the period. 91.30% of the stock is currently owned by 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.

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