Weiss Ratings Reaffirms Hold (C) Rating for Chipotle Mexican Grill (NYSE:CMG)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Chipotle Mexican Grill (NYSE:CMG) as of a recent research note issued on Friday.
• Multiple research firms have adjusted price targets for the stock, with Stifel Nicolaus lowering it from $65.00 to $60.00 and Barclays from $53.00 to $43.00.
• Chipotle's stock recently traded down 1.5%, with a current price of $41.18, and analysts expect the company to post an EPS of 1.29 for the current year.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other research firms also recently weighed in on CMG. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. Barclays lowered their price target on Chipotle Mexican Grill from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Evercore ISI lowered their price target on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $60.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, October 16th. Finally, BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.69.

Chipotle Mexican Grill Stock Down 1.5%

NYSE:CMG traded down $0.62 during trading hours on Friday, hitting $41.18. 12,173,350 shares of the company's stock traded hands, compared to its average volume of 16,102,026. The firm has a market cap of $55.22 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.53 and a beta of 0.99. Chipotle Mexican Grill has a 52 week low of $38.30 and a 52 week high of $66.74. The business's fifty day simple moving average is $40.98 and its two-hundred day simple moving average is $47.12.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating 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 the consensus estimate of $3.11 billion. During the same quarter last year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Operose Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. Finally, Activest Wealth Management boosted its position in shares of Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 270 shares in the last quarter. 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.

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