Chipotle Mexican Grill (NYSE:CMG) Sets New 12-Month Low – Time to Sell?

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $47.55 and last traded at $47.87, with a volume of 5679182 shares trading hands. The stock had previously closed at $49.65.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMG. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the stock from $58.00 to $65.00 in a research note on Friday. Citigroup lifted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays dropped their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Stock Down 3.2 %

The firm has a market capitalization of $65.13 billion, a P/E ratio of 43.30, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a fifty day simple moving average of $55.25 and a 200 day simple moving average of $57.89.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently made changes to their positions in CMG. Golden State Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $315,220,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Chipotle Mexican Grill in the 4th quarter worth about $715,000. Finally, Hantz Financial Services Inc. raised its position in Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after buying an additional 48,126 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.