Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned a consensus rating of “Moderate Buy” from the thirty-six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $49.8065.

Several equities analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 target price (down from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday. KeyCorp lowered their price objective on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Northcoast Research cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Finally, BTIG Research reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $33.94 on Friday. Chipotle Mexican Grill has a 1 year low of $29.75 and a 1 year high of $66.74. The firm’s 50-day moving average is $36.18 and its 200-day moving average is $43.53. The company has a market cap of $44.88 billion, a P/E ratio of 30.04, a PEG ratio of 3.49 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CMG. Revolve Wealth Partners LLC boosted its position 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 worth $290,000 after buying an additional 214 shares during the period. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $224,000. iA Global Asset Management Inc. boosted its position in Chipotle Mexican Grill by 59.3% during the 1st quarter. iA Global Asset Management Inc. now owns 6,580 shares of the restaurant operator’s stock worth $330,000 after acquiring an additional 2,450 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of 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 purchasing an additional 4,903,969 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Chipotle Mexican Grill by 55.8% during the first quarter. Citizens Financial Group Inc. RI now owns 9,942 shares of the restaurant operator’s stock valued at $499,000 after purchasing an additional 3,560 shares during the period. 91.30% of the stock is 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.