Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $61.74 Average Price Target from Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-eight analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $61.74.

Several research firms have weighed in on CMG. Royal Bank of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Stephens restated an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Raymond James dropped their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 28th. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Barclays decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd.

Chipotle Mexican Grill Trading Down 0.2%

CMG stock traded down $0.11 during mid-day trading on Tuesday, reaching $50.67. The company's stock had a trading volume of 9,334,053 shares, compared to its average volume of 13,536,049. Chipotle Mexican Grill has a 12 month low of $44.46 and a 12 month high of $69.26. The business's 50 day moving average price is $49.92 and its 200 day moving average price is $55.21. The company has a market cap of $68.27 billion, a price-to-earnings ratio of 45.64, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

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

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth about $25,000. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $31,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the 1st quarter worth about $27,000. HighMark Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the period. Finally, North Capital Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter worth about $30,000. Institutional investors own 91.31% of the company's stock.

About Chipotle Mexican Grill

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.