Chipotle Mexican Grill (NYSE:CMG) Now Covered by Analysts at DA Davidson

DA Davidson initiated coverage on shares of Chipotle Mexican Grill (NYSE:CMGFree Report) in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $51.00 price objective on the restaurant operator’s stock.

CMG has been the topic of several other reports. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Mizuho decreased their price target on shares of Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Finally, Citigroup boosted their price objective on Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.37.

Read Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Performance

NYSE CMG traded down $1.64 during mid-day trading on Friday, reaching $35.42. 17,581,861 shares of the stock were exchanged, compared to its average volume of 15,101,115. The company has a market capitalization of $46.13 billion, a P/E ratio of 31.07, a P/E/G ratio of 2.28 and a beta of 1.00. The business’s 50 day moving average is $38.37 and its 200-day moving average is $37.90. Chipotle Mexican Grill has a 1 year low of $29.75 and a 1 year high of $58.42.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the third quarter worth about $25,000. Salomon & Ludwin LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $26,000. Finally, MV Capital Management Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $26,000. 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:

Chipotle Mexican Grill Company Profile

(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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