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

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-eight brokerages that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.78.

Several equities research analysts have commented on the company. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday. Guggenheim dropped their price target on Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Oppenheimer upped their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.90 during trading hours on Friday, reaching $50.88. The company's stock had a trading volume of 18,136,291 shares, compared to its average volume of 13,487,837. The firm has a market capitalization of $68.96 billion, a price-to-earnings ratio of 45.83, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 1-year low of $44.46 and a 1-year high of $69.26. The company's 50-day moving average is $50.05 and its two-hundred day moving average is $56.21.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business earned $13.37 EPS. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of the stock. Tortoise Investment Management LLC raised its stake in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after acquiring an additional 176 shares in the last quarter. Traynor Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after acquiring an additional 181 shares in the last quarter. BTC Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after acquiring an additional 184 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its stake in Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after buying an additional 218 shares in the last quarter. 91.31% of the stock is currently 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.