Chipotle Mexican Grill's (CMG) "Equal Weight" Rating Reiterated at Stephens

Chipotle Mexican Grill (NYSE:CMG - Get Free Report)'s stock had its "equal weight" rating restated by investment analysts at Stephens in a report released on Wednesday,Benzinga reports. They presently have a $49.00 price objective on the restaurant operator's stock. Stephens' target price points to a potential downside of 2.96% from the company's previous close.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Morgan Stanley cut their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Truist Financial dropped their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Loop Capital reduced their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Trading Up 1.0 %

Shares of NYSE CMG opened at $50.49 on Wednesday. The firm has a market cap of $68.03 billion, a P/E ratio of 45.48, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The business's 50 day moving average is $49.84 and its 200-day moving average is $55.87. Chipotle Mexican Grill has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $13.37 EPS. Analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the period. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $31,000. 91.31% of the stock is currently owned by institutional investors.

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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