Chipotle Mexican Grill’s (CMG) “Hold” Rating Reiterated at Argus

Argus restated their hold rating on shares of Chipotle Mexican Grill (NYSE:CMGFree Report) in a report issued on Thursday morning,Benzinga reports.

A number of other research analysts have also recently commented on CMG. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 26th. Telsey Advisory Group lowered their price target on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group cut their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Finally, Barclays decreased their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Twenty-two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $47.24.

Check Out Our Latest Research Report on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Up 2.5%

Chipotle Mexican Grill stock opened at $39.42 on Thursday. Chipotle Mexican Grill has a 12-month low of $29.75 and a 12-month high of $59.09. The stock has a market cap of $51.34 billion, a P/E ratio of 34.58, a PEG ratio of 2.53 and a beta of 0.99. The company has a 50-day moving average price of $37.79 and a 200 day moving average price of $38.79.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business posted $0.25 EPS. Chipotle Mexican Grill’s revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently made changes to their positions in the business. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth $25,000. Salomon & Ludwin LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $26,000. Finally, Lavaca Capital LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Key Headlines Impacting Chipotle Mexican Grill

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

About Chipotle Mexican Grill

(Get Free Report)

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.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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