Weiss Ratings Reiterates 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), amid varying commentary from other analysts, with some setting higher and lower price objectives.
• Despite recent fluctuations, Chipotle's stock price traded at approximately $41.00, with its 12-month range showing a low of $38.30 and a high of $66.74.
• Institutional investors hold a significant portion of Chipotle's stock, with 91.30% of the company's shares owned by these entities and hedge funds.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts also recently commented on the stock. Raymond James Financial decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Evercore ISI dropped their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Tuesday. Melius began coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 price objective for the company. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Finally, Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.28.

Chipotle Mexican Grill Trading Up 0.1%

Shares of Chipotle Mexican Grill stock traded up $0.05 during trading hours on Wednesday, reaching $41.00. The stock had a trading volume of 15,214,955 shares, compared to its average volume of 22,044,656. Chipotle Mexican Grill has a twelve month low of $38.30 and a twelve month high of $66.74. The stock's 50 day moving average is $41.28 and its 200 day moving average is $47.78. The firm has a market capitalization of $54.98 billion, a PE ratio of 36.61, a PEG ratio of 2.09 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $1,001,668,000. Nuveen LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $535,023,000. Sustainable Growth Advisers LP purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth about $597,031,000. Goldman Sachs Group Inc. boosted its stake in Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after buying an additional 4,903,969 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

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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