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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $66.60.

A number of brokerages have weighed in on CMG. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $70.00 in a report on Monday, March 3rd. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Stephens reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Truist Financial lifted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th.

Chipotle Mexican Grill Trading Down 0.7 %

Shares of Chipotle Mexican Grill stock opened at $49.86 on Thursday. Chipotle Mexican Grill has a 12-month low of $47.98 and a 12-month high of $69.26. The stock has a market cap of $67.57 billion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50-day moving average of $56.26 and a two-hundred day moving average of $58.09.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC increased its position in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds 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.