Chipotle Mexican Grill (NYSE:CMG) Receives Equal Weight Rating from Stephens

Stephens restated their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Monday morning,Benzinga reports. The firm currently has a $60.00 target price on the restaurant operator’s stock.

Other analysts have also issued research reports about the company. KeyCorp lowered their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Barclays decreased their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Guggenheim cut their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.76.

Chipotle Mexican Grill Stock Down 0.5%

Shares of Chipotle Mexican Grill stock opened at $39.87 on Monday. The stock’s fifty day moving average is $42.22 and its two-hundred day moving average is $48.17. Chipotle Mexican Grill has a 52 week low of $38.30 and a 52 week high of $66.74. The company has a market capitalization of $53.46 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Trading of Chipotle Mexican Grill

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after acquiring an additional 491,002 shares in the last quarter. Corient IA LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $753,000. Advisors Asset Management Inc. boosted its position in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after purchasing an additional 18,458 shares in the last quarter. Banco Santander S.A. grew its stake in Chipotle Mexican Grill by 47.6% during the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after buying an additional 10,246 shares during the last quarter. Finally, Community Trust & Investment Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter worth $7,773,000. 91.30% of the stock is currently owned by institutional investors.

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.