Chipotle Mexican Grill (NYSE:CMG) Cut to "Hold" at Argus

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) was downgraded by Argus from a "buy" rating to a "hold" rating in a research report issued on Monday,Finviz reports.

A number of other equities analysts also recently commented on CMG. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday. Royal Bank of Canada lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday. Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday. UBS Group reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Loop Capital lowered their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $51.93 on Monday. The stock has a 50 day moving average price of $50.11 and a 200 day moving average price of $56.26. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of the business. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $31,000. HighMark Wealth Management LLC raised its stake in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $31,000. Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.

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