Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received an average rating of “Moderate Buy” from the thirty-five research firms that are covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $46.0323.

Several equities research analysts recently commented on CMG shares. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Guggenheim cut their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Stephens boosted their price target on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $37.00 to $40.00 in a report on Friday, March 20th. Finally, Barclays lowered their target price on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $32.43 on Tuesday. The firm has a market cap of $41.60 billion, a PE ratio of 29.75, a PEG ratio of 2.09 and a beta of 1.03. The firm has a fifty day moving average of $34.13 and a 200 day moving average of $35.71. Chipotle Mexican Grill has a one year low of $29.75 and a one year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities analysts predict that Chipotle Mexican Grill will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Large investors have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $26,000. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $25,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $26,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $29,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

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.