Chipotle Mexican Grill (NYSE:CMG) Given New $45.00 Price Target at Raymond James Financial

Chipotle Mexican Grill (NYSE:CMG) had its price target boosted by Raymond James Financial from $40.00 to $45.00 in a research note released on Wednesday,Benzinga reports. Raymond James Financial currently has an outperform rating on the restaurant operator’s stock.

A number of other research analysts have also recently weighed in on CMG. Stephens dropped their target price on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Sanford C. Bernstein upped their price objective on Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Barclays upped their price target on shares of Chipotle Mexican Grill from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.16.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $40.72 on Wednesday. The company has a market capitalization of $53.84 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 3.71 and a beta of 0.97. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $59.57. The company has a 50-day simple moving average of $36.01 and a two-hundred day simple moving average of $40.05.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMG. McElhenny Sheffield Capital Management LLC bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $244,000. Townsend Asset Management Corp NC ADV raised its position in Chipotle Mexican Grill by 48.2% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 14,185 shares of the restaurant operator’s stock valued at $525,000 after purchasing an additional 4,615 shares during the last quarter. Oak Thistle LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $622,000. Daytona Street Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $218,000. Finally, Aaron Wealth Advisors LLC grew its position in shares of Chipotle Mexican Grill by 80.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 12,854 shares of the restaurant operator’s stock worth $476,000 after buying an additional 5,727 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.