Chipotle Mexican Grill (NYSE:CMG) Raised to Strong-Buy at Rothschild Redb

Key Points

• Chipotle Mexican Grill has been upgraded from a "hold" rating to a "strong-buy" rating by analysts at Rothschild Redb.
• Chipotle reported $0.33 earnings per share for the quarter, beating analysts' expectations by $0.01 despite a slight revenue shortfall.
• The company has seen significant investment from institutional investors, with 91.30% of the company's stock owned by these entities.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) was upgraded by stock analysts at Rothschild Redb from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on CMG. Guggenheim cut their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Robert W. Baird cut their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Barclays cut their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Finally, Truist Financial lowered their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.93.

Chipotle Mexican Grill Stock Down 0.9%

CMG stock traded down $0.37 during midday trading on Wednesday, reaching $41.04. 21,999,135 shares of the company's stock traded hands, compared to its average volume of 15,741,330. The company has a market cap of $55.03 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.09 and a beta of 1.02. The firm's fifty day moving average price is $47.35 and its 200-day moving average price is $49.56. Chipotle Mexican Grill has a 52 week low of $40.73 and a 52 week high of $66.74.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. Analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the company. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Chipotle Mexican Grill by 22.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares during the period. Bison Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $224,000. Cetera Investment Advisers boosted its stake in shares of Chipotle Mexican Grill by 14.9% during the fourth quarter. Cetera Investment Advisers now owns 455,770 shares of the restaurant operator's stock valued at $27,483,000 after purchasing an additional 59,248 shares during the period. Finally, Crestline Management LP purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $944,000. 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.