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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus rating of “Moderate Buy” from the twenty-eight analysts that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.74.

Several research analysts have recently issued reports on the company. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Truist Financial reduced their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Argus lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Finally, Barclays reduced their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd.

Chipotle Mexican Grill Price Performance

CMG opened at $52.27 on Tuesday. The business has a 50 day simple moving average of $49.77 and a two-hundred day simple moving average of $55.38. The firm has a market capitalization of $70.43 billion, a price-to-earnings ratio of 47.08, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company earned $13.37 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently modified their holdings of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $692,701,000. Nuveen LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.