Chipotle Mexican Grill (NYSE:CMG) Now Covered by Analysts at Mizuho

Mizuho assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $40.00 price target on the restaurant operator’s stock.

Several other research firms have also weighed in on CMG. Truist Financial dropped their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Stephens reiterated an “equal weight” rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Finally, Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.13.

Chipotle Mexican Grill Stock Down 1.8%

NYSE CMG opened at $40.34 on Tuesday. Chipotle Mexican Grill has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a market capitalization of $54.09 billion, a PE ratio of 36.01, a P/E/G ratio of 2.74 and a beta of 0.99. The stock’s 50 day moving average is $40.88 and its 200 day moving average is $46.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMG. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $224,000. Sovran Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at $316,000. Amalgamated Bank lifted its holdings in shares of Chipotle Mexican Grill by 1.2% during the first quarter. Amalgamated Bank now owns 304,569 shares of the restaurant operator’s stock valued at $15,292,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its position in Chipotle Mexican Grill by 2.0% during the first quarter. Ameritas Advisory Services LLC now owns 28,964 shares of the restaurant operator’s stock valued at $1,454,000 after acquiring an additional 556 shares during the last quarter. 91.30% of the stock is owned by 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.