Chipotle Mexican Grill (NYSE:CMG) Given "Outperform" Rating at Raymond James Financial

Key Points

• Raymond James Financial has reiterated its "outperform" rating for Chipotle Mexican Grill (NYSE:CMG) and adjusted its price target to $52.00, suggesting a potential upside of 25.11% from the stock's previous close.
• Chipotle's stock recently traded down 0.5%, hitting $41.56, and has a range of twelve month low of $38.30 and high of $66.74.
• Analyst consensus gives Chipotle a "Moderate Buy" rating with an average price target of $57.55, supported by 21 Buy ratings and only 9 Hold ratings.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Raymond James Financial in a note issued to investors on Thursday,Benzinga reports. They presently have a $52.00 price objective on the restaurant operator's stock, down from their prior price objective of $56.00. Raymond James Financial's price target suggests a potential upside of 25.11% from the stock's previous close.

A number of other analysts have also commented on CMG. Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday. TD Cowen reaffirmed a "buy" rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Finally, Rothschild & Co Redburn raised Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $57.55.

Chipotle Mexican Grill Stock Down 0.5%

CMG stock traded down $0.21 during midday trading on Thursday, hitting $41.56. 4,222,084 shares of the company traded hands, compared to its average volume of 15,200,763. Chipotle Mexican Grill has a twelve month low of $38.30 and a twelve month high of $66.74. The business has a 50 day simple moving average of $41.12 and a 200-day simple moving average of $47.47. The stock has a market capitalization of $55.73 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.99.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after acquiring an additional 491,002 shares during the period. Corient IA LLC bought a new stake in Chipotle Mexican Grill during the first quarter worth $753,000. Advisors Asset Management Inc. lifted its holdings in Chipotle Mexican Grill by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock worth $3,784,000 after acquiring an additional 18,458 shares during the period. Hilltop National Bank bought a new stake in Chipotle Mexican Grill during the second quarter worth $2,579,000. Finally, Banco Santander S.A. lifted its holdings in Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after acquiring an additional 10,246 shares during the period. 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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