Chipotle Mexican Grill’s (CMG) Hold Rating Reiterated at TD Cowen

TD Cowen restated their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Thursday, Marketbeat reports. They currently have a $32.00 price target on the restaurant operator’s stock.

A number of other brokerages have also weighed in on CMG. JPMorgan Chase & Co. cut their price objective on Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Seaport Research Partners started coverage on Chipotle Mexican Grill in a report on Wednesday, September 16th. They set a “neutral” rating for the company. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price target (down from $42.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Finally, UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, October 9th. Twenty-seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.36.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $31.89 on Thursday. The stock has a market capitalization of $40.35 billion, a PE ratio of 29.80, a PEG ratio of 1.99 and a beta of 0.96. Chipotle Mexican Grill has a 1 year low of $27.31 and a 1 year high of $41.42. The business’s 50-day moving average is $33.07 and its 200 day moving average is $34.12.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities research analysts anticipate that Chipotle Mexican Grill will post 1.10 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osbon Capital Management LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $27,000. Kelleher Financial Advisors purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $28,000. Rule One Partners LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $32,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

More Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
• Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
• Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.