Chipotle Mexican Grill (NYSE:CMG) Research Coverage Started at DA Davidson

DA Davidson began coverage on shares of Chipotle Mexican Grill (NYSE:CMGFree Report) in a research report report published on Friday, MarketBeat reports. The brokerage issued a buy rating and a $51.00 target price on the restaurant operator’s stock.

CMG has been the topic of several other research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a 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 stock an “outperform” rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Finally, KeyCorp decreased their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.37.

Check Out Our Latest Research Report on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Down 4.4%

NYSE:CMG opened at $35.42 on Friday. The company has a 50-day moving average of $38.37 and a 200-day moving average of $37.82. The firm has a market cap of $46.13 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. Chipotle Mexican Grill has a twelve month low of $29.75 and a twelve month high of $58.42.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its 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. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently modified their holdings of the business. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the third quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill during the third quarter valued at approximately $25,000. Salomon & Ludwin LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at approximately $26,000. Finally, MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

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About Chipotle Mexican Grill

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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.

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