Chipotle Mexican Grill (NYSE:CMG) Announces Earnings Results

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01, Zacks reports. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%.

Chipotle Mexican Grill Trading Up 4.8 %

CMG traded up $2.39 on Friday, reaching $51.93. The company had a trading volume of 26,657,351 shares, compared to its average volume of 13,469,142. The company has a market capitalization of $70.38 billion, a P/E ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27. The company has a fifty day moving average of $50.11 and a 200-day moving average of $56.28. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26.

Institutional Trading of Chipotle Mexican Grill

A hedge fund recently raised its stake in Chipotle Mexican Grill stock. Revolve Wealth Partners LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,804 shares of the restaurant operator's stock after purchasing an additional 214 shares during the period. Revolve Wealth Partners LLC's holdings in Chipotle Mexican Grill were worth $290,000 at the end of the most recent quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMG shares. Sanford C. Bernstein reissued an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday. Robert W. Baird reduced their price objective 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. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Loop Capital decreased their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $61.78.

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.