Chipotle Mexican Grill (NYSE:CMG) Trading 1.8% Higher

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 1.8% during mid-day trading on Monday . The stock traded as high as $50.85 and last traded at $50.72. 4,303,581 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 14,246,250 shares. The stock had previously closed at $49.83.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday. TD Cowen reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Citigroup lowered their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.88.

Chipotle Mexican Grill Trading Up 2.2 %

The business’s 50 day moving average price is $125.36 and its two-hundred day moving average price is $80.01. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 54.12, a P/E/G ratio of 2.03 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $12.65 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Riverview Trust Co grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. RiverPark Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth $29,000. Finally, M&R Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.