Brokerages Set Chipotle Mexican Grill, Inc. (NYSE:CMG) PT at $57.55

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given an average rating of “Moderate Buy” by the thirty-two research firms that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $57.0345.

Several equities research analysts have issued reports on the company. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Morgan Stanley dropped their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Truist Financial decreased their target price on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Evercore ISI decreased their target price on Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CMG. Fifth Third Wealth Advisors LLC boosted its position in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 54,898 shares of the restaurant operator’s stock valued at $2,151,000 after purchasing an additional 635 shares during the period. Capital Advisors Inc. OK boosted its position in Chipotle Mexican Grill by 6.2% during the 3rd quarter. Capital Advisors Inc. OK now owns 7,530 shares of the restaurant operator’s stock valued at $295,000 after purchasing an additional 441 shares during the period. Rexford Capital Inc. boosted its position in Chipotle Mexican Grill by 3,266.1% during the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after acquiring an additional 14,240 shares during the period. Physicians Financial Services Inc. boosted its position in Chipotle Mexican Grill by 1.7% during the 3rd quarter. Physicians Financial Services Inc. now owns 16,770 shares of the restaurant operator’s stock worth $657,000 after acquiring an additional 287 shares during the period. Finally, Generali Asset Management SPA SGR boosted its position in Chipotle Mexican Grill by 8.2% during the 3rd quarter. Generali Asset Management SPA SGR now owns 98,205 shares of the restaurant operator’s stock worth $3,849,000 after acquiring an additional 7,428 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.8%

CMG stock opened at $42.37 on Friday. Chipotle Mexican Grill has a 52-week low of $38.30 and a 52-week high of $66.74. The stock’s 50 day moving average is $41.10 and its two-hundred day moving average is $47.22. The company has a market capitalization of $56.81 billion, a PE ratio of 37.83, a P/E/G ratio of 2.52 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.34 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company Profile

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.