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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $66.67.

CMG has been the subject of several analyst reports. Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, KeyCorp lowered their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th.

Chipotle Mexican Grill Stock Down 2.0 %

CMG opened at $49.91 on Monday. The firm has a 50-day moving average price of $53.81 and a 200-day moving average price of $57.57. Chipotle Mexican Grill has a twelve month low of $47.55 and a twelve month high of $69.26. The company has a market capitalization of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMG. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $31,000. Sound Income Strategies LLC lifted its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Institutional investors own 91.31% 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.