Chipotle Mexican Grill (NYSE:CMG) Reaches New 1-Year Low - What's Next?

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $49.13 and last traded at $50.50, with a volume of 13748063 shares. The stock had previously closed at $50.65.

Wall Street Analyst Weigh In

CMG has been the topic of several research analyst reports. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Barclays dropped their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Stock Performance

The business's 50 day simple moving average is $49.95 and its 200-day simple moving average is $56.01. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 46.46, a price-to-earnings-growth 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 firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.37 earnings per share. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Forte Capital LLC ADV increased its position in Chipotle Mexican Grill by 16.8% during the first quarter. Forte Capital LLC ADV now owns 14,352 shares of the restaurant operator's stock worth $721,000 after buying an additional 2,063 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after acquiring an additional 4,759,520 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 6.0% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 5,969 shares of the restaurant operator's stock valued at $300,000 after acquiring an additional 338 shares in the last quarter. Mechanics Financial Corp acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $38,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Chipotle Mexican Grill by 3.8% in the first quarter. Segall Bryant & Hamill LLC now owns 194,794 shares of the restaurant operator's stock valued at $9,781,000 after purchasing an additional 7,163 shares during the period. Institutional investors own 91.31% 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.