Chipotle Mexican Grill (NYSE:CMG) Reaches New 12-Month Low – Should You Sell?

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares hit a new 52-week low on Thursday . The stock traded as low as $30.98 and last traded at $30.9020, with a volume of 4162898 shares changing hands. The stock had previously closed at $31.97.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMG shares. BTIG Research reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Northcoast Research cut shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Finally, UBS Group set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Performance

The stock has a fifty day moving average of $39.71 and a 200 day moving average of $46.31. The company has a market capitalization of $41.27 billion, a P/E ratio of 27.26, a PEG ratio of 2.65 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after buying an additional 491,002 shares in the last quarter. Corient IA LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $753,000. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after purchasing an additional 18,458 shares in the last quarter. Hilltop National Bank purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $2,579,000. Finally, Banco Santander S.A. lifted its stake in Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after purchasing an additional 10,246 shares in the last quarter. Institutional investors own 91.30% 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.