Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report) have been given an average recommendation of “Moderate Buy” by the thirty-six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.1290.

CMG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Evercore reiterated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Finally, Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $37.00 to $40.00 in a research note on Friday, March 20th.

Read Our Latest Report on Chipotle Mexican Grill

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently made changes to their positions in CMG. Capital World Investors grew its position in shares of Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares in the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $711,837,000. Vanguard Group Inc. grew its position in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares in the last quarter. Capital International Investors grew its position in shares of Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Chipotle Mexican Grill by 206.4% during the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after buying an additional 9,473,120 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 1.4%

Shares of CMG opened at $34.27 on Friday. The firm has a market cap of $44.63 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. The company’s 50-day moving average price is $35.46 and its 200 day moving average price is $36.57. Chipotle Mexican Grill has a 12-month low of $29.75 and a 12-month high of $58.42.

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. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

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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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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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