Chipotle Mexican Grill (NYSE:CMG) Given Equal Weight Rating at Stephens

Key Points

• Chipotle Mexican Grill's stock received an "equal weight" rating from Stephens, with a price target of $60.00, indicating a potential upside of 54.92% from its current price.
• As of now, the stock has a consensus rating of "Moderate Buy" based on the opinions of several analysts, with an average price target of $59.76.
• The company reported earnings of $0.33 per share for the last quarter, slightly above the consensus estimate of $0.32, though revenue fell short of expectations.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report)'s stock had its "equal weight" rating reiterated by stock analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $60.00 price objective on the restaurant operator's stock. Stephens' price target indicates a potential upside of 54.92% from the stock's current price.

Several other research analysts also recently issued reports on CMG. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. TD Securities reaffirmed a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Raymond James Financial cut their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, TD Cowen cut their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $38.73 on Thursday. The stock has a fifty day moving average price of $46.28 and a 200 day moving average price of $49.31. Chipotle Mexican Grill has a 1-year low of $38.50 and a 1-year high of $66.74. The company has a market cap of $51.93 billion, a PE ratio of 34.58, a P/E/G ratio of 2.01 and a beta of 1.02.

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, topping 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 for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $25,000. Finally, Activest Wealth Management grew its holdings in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator's stock valued at $29,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors 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.

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