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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus rating of “Moderate Buy” from the thirty-four ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $45.10.

CMG has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Citigroup upped their price objective on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Piper Sandler cut their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th.

Chipotle Mexican Grill Stock Up 1.6%

NYSE CMG opened at $31.02 on Wednesday. Chipotle Mexican Grill has a 52 week low of $28.03 and a 52 week high of $58.42. The business’s fifty day simple moving average is $32.52 and its 200-day simple moving average is $35.11. The firm has a market cap of $39.79 billion, a PE ratio of 28.46, a P/E/G ratio of 1.97 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill will post 1.13 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the business. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $224,000. Empowered Funds LLC lifted its stake in Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 7,176.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,794 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after buying an additional 129,066 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

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.