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

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average rating of “Moderate Buy” from the thirty-six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $49.8065.

Several research firms have commented on CMG. BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Jefferies Financial Group decreased their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. The Goldman Sachs Group reissued a “buy” rating and set a $45.00 target price (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Stephens cut their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $30.48 on Tuesday. Chipotle Mexican Grill has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The stock’s 50-day moving average is $37.99 and its two-hundred day moving average is $45.22. The firm has a market cap of $40.31 billion, a P/E ratio of 26.98, a PEG ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 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 analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Keystone Financial Group lifted its stake in shares of Chipotle Mexican Grill by 17.6% in the third quarter. Keystone Financial Group now owns 89,974 shares of the restaurant operator’s stock worth $3,526,000 after buying an additional 13,493 shares during the last quarter. Morningstar Investment Management LLC raised its holdings in Chipotle Mexican Grill by 127.1% in the 3rd quarter. Morningstar Investment Management LLC now owns 18,931 shares of the restaurant operator’s stock worth $742,000 after acquiring an additional 10,596 shares during the period. Kestra Private Wealth Services LLC lifted its position in Chipotle Mexican Grill by 2.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 240,764 shares of the restaurant operator’s stock worth $9,436,000 after acquiring an additional 4,761 shares during the last quarter. SHUTTLEWORTH & Co bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $920,000. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $80,000. Institutional investors and hedge funds 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.