Chipotle Mexican Grill (NYSE:CMG) Upgraded at Wall Street Zen

Chipotle Mexican Grill (NYSE:CMGGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently weighed in on CMG. Zacks Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. TD Cowen reissued a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Raymond James Financial boosted their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Piper Sandler cut their price objective on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Telsey Advisory Group reduced their price objective on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.37.

Check Out Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Down 4.4%

CMG stock opened at $35.42 on Friday. The company has a market capitalization of $46.13 billion, a PE ratio of 31.07, a P/E/G ratio of 2.28 and a beta of 1.00. Chipotle Mexican Grill has a 12-month low of $29.75 and a 12-month high of $58.42. The business’s fifty day moving average price is $38.37 and its 200 day moving average price is $37.90.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

A number of large investors have recently made changes to their positions in the company. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $25,000. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $25,000. Salomon & Ludwin LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth $26,000. Finally, MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $26,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Key Chipotle Mexican Grill News

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About Chipotle Mexican Grill

(Get Free Report)

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.

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