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

Key Points

• Chipotle Mexican Grill has received a consensus rating of "Moderate Buy" from 31 analysts, with 21 recommending a buy rating and an average price target of $59.76.
• The company's recent quarterly earnings beat expectations with an EPS of $0.33, even though revenue was slightly below forecasts at $3.06 billion.
• Institutional investors hold 91.30% of Chipotle's stock, indicating a strong backing from major investment firms.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) have been given an average rating of "Moderate Buy" by the thirty-one research firms that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $59.7586.

A number of brokerages have weighed in on CMG. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Barclays dropped their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. TD Securities reiterated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Truist Financial dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd.

Chipotle Mexican Grill Trading Up 2.2%

CMG stock traded up $0.88 during trading on Monday, reaching $40.20. 27,372,784 shares of the stock were exchanged, compared to its average volume of 19,852,148. The business has a 50 day moving average price of $43.88 and a 200-day moving average price of $48.59. Chipotle Mexican Grill has a 1 year low of $38.30 and a 1 year high of $66.74. The firm has a market capitalization of $53.90 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 2.00 and a beta of 1.02.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Lavaca Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Finally, Activest Wealth Management grew its holdings in shares of Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

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.