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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received an average rating of “Moderate Buy” from the thirty-four analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $47.2414.

A number of research firms have recently issued reports on CMG. Mizuho reduced their price target on shares of Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Royal Bank Of Canada cut their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Evercore reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Finally, Zacks Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in 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 last quarter. Trueblood Wealth Management LLC grew its position in Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock worth $224,000 after acquiring an additional 253 shares in the last quarter. Centurion Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 3.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 260 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Chipotle Mexican Grill by 0.4% during the 2nd quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock valued at $4,288,000 after purchasing an additional 269 shares in the last quarter. Finally, Lakeshore Capital Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 1.9% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock valued at $573,000 after purchasing an additional 272 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 2.3%

Shares of NYSE CMG opened at $38.77 on Thursday. The stock’s fifty day simple moving average is $38.37 and its 200 day simple moving average is $38.35. The stock has a market capitalization of $50.49 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.31 and a beta of 0.99. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.