Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a consensus recommendation of “Moderate Buy” by the thirty-four ratings firms that are covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.10.

A number of research analysts have commented on the company. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, May 5th. Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, Weiss Ratings upgraded Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $34.00 on Wednesday. The stock’s 50-day moving average is $32.30 and its two-hundred day moving average is $35.08. The stock has a market cap of $43.61 billion, a PE ratio of 31.19, a P/E/G ratio of 2.12 and a beta of 0.99. Chipotle Mexican Grill has a 12 month low of $28.03 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill will post 1.13 earnings per share for the current year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at $25,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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.