Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 5.2%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock price rose 5.2% during trading on Tuesday . The stock traded as high as $54.91 and last traded at $54.88. Approximately 4,212,761 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 14,384,852 shares. The stock had previously closed at $52.18.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent analyst reports. Argus increased their target price on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a report on Tuesday, June 18th. Oppenheimer decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group decreased their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.88.

Chipotle Mexican Grill Stock Up 3.6 %

The stock’s fifty day simple moving average is $124.11 and its 200-day simple moving average is $80.30. The company has a market capitalization of $74.27 billion, a PE ratio of 58.38, a PEG ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company posted $12.65 EPS. The company’s revenue was up 18.2% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the company. Swedbank AB acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $53,979,000. Moody National Bank Trust Division boosted its position in Chipotle Mexican Grill by 1.0% during the first quarter. Moody National Bank Trust Division now owns 490 shares of the restaurant operator’s stock worth $1,424,000 after acquiring an additional 5 shares during the last quarter. Perpetual Ltd acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $730,000. Canada Pension Plan Investment Board boosted its position in Chipotle Mexican Grill by 296.5% during the first quarter. Canada Pension Plan Investment Board now owns 21,144 shares of the restaurant operator’s stock worth $61,461,000 after acquiring an additional 15,811 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Chipotle Mexican Grill by 27.6% in the 1st quarter. GAMMA Investing LLC now owns 250 shares of the restaurant operator’s stock valued at $727,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

About Chipotle Mexican Grill

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.