Chipotle Mexican Grill (NYSE:CMG) Given "Equal Weight" Rating at Stephens

Stephens reaffirmed their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG - Free Report) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $60.00 price objective on the restaurant operator's stock.

CMG has been the topic of a number of other research reports. Loop Capital cut their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays dropped their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. Finally, BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the company from $56.00 to $65.00 in a report on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.71.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $1.01 during trading hours on Thursday, reaching $46.75. 33,787,342 shares of the company were exchanged, compared to its average volume of 15,530,194. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $66.74. The stock's fifty day moving average is $52.75 and its 200 day moving average is $52.58. The firm has a market cap of $62.98 billion, a PE ratio of 41.74, a PEG ratio of 2.35 and a beta of 1.08.

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, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds have recently made changes to their positions in the business. Community Bank N.A. boosted its stake in shares of Chipotle Mexican Grill by 18.1% during the second quarter. Community Bank N.A. now owns 21,640 shares of the restaurant operator's stock worth $1,215,000 after buying an additional 3,320 shares during the period. NorthRock Partners LLC raised its holdings in Chipotle Mexican Grill by 37.5% during the second quarter. NorthRock Partners LLC now owns 17,952 shares of the restaurant operator's stock worth $1,008,000 after purchasing an additional 4,894 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Chipotle Mexican Grill by 35.2% during the second quarter. Sequoia Financial Advisors LLC now owns 40,801 shares of the restaurant operator's stock worth $2,291,000 after purchasing an additional 10,620 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Chipotle Mexican Grill by 5.5% during the second quarter. Montrusco Bolton Investments Inc. now owns 5,116,087 shares of the restaurant operator's stock worth $279,343,000 after purchasing an additional 267,097 shares in the last quarter. Finally, Cypress Capital Group purchased a new position in Chipotle Mexican Grill during the second quarter worth about $264,000. Institutional investors and hedge funds 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.