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

Stephens reissued their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Wednesday morning,Benzinga reports. The firm currently has a $35.00 price target on the restaurant operator’s stock.

Several other equities research analysts also recently weighed in on CMG. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Raymond James Financial raised their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Twenty-two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.24.

Chipotle Mexican Grill Trading Up 2.5%

NYSE CMG opened at $39.42 on Wednesday. The firm’s fifty day moving average price is $37.79 and its two-hundred day moving average price is $38.89. Chipotle Mexican Grill has a 1 year low of $29.75 and a 1 year high of $59.09. The firm has a market capitalization of $51.34 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 2.47 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ascent Group LLC raised its holdings in shares of Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 193 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the period. Trueblood Wealth Management LLC raised its position in Chipotle Mexican Grill by 4.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock worth $224,000 after buying an additional 253 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Chipotle Mexican Grill by 7.9% during the second quarter. Capital Advisors Ltd. LLC now owns 3,454 shares of the restaurant operator’s stock worth $194,000 after acquiring an additional 254 shares during the period. Finally, Centurion Wealth Management LLC grew its position in Chipotle Mexican Grill by 3.1% during the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 260 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.