Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $43.86 Consensus Target Price from Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus rating of “Moderate Buy” from the thirty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $43.8571.

A number of equities analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, May 5th. Raymond James Financial decreased their price target on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $38.00 to $35.00 in a research report on Friday, June 5th.

More Chipotle Mexican Grill News

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

• Positive Sentiment: Some recent commentary remains bullish, with an analyst-style view that Chipotle could rebound as economic conditions improve and the market refocuses on its longer-term growth story. I’d Buy More Chipotle Mexican Grill Before the Market Figures Out What It’s Missing
• Neutral Sentiment: Chipotle’s COO Jason Kidd highlighted the company’s culture and leadership pipeline in a Business Insider interview, but the piece is more about recruiting and career advice than a direct business catalyst. The Chipotle COO’s job involves taste-testing guacamole. He has a simple hack for finding your dream job.
• Neutral Sentiment: Recent coverage noted that U.S. regulators walked back a false-positive test tied to a lettuce investigation, which may ease some of the broader restaurant-sector food-safety anxiety that has been weighing on restaurant stocks, including CMG. Yum! Brands faces Taco Bell traffic hit from Taylor Farms lettuce scare
• Neutral Sentiment: Another article said Chipotle’s decline reflected broader market weakness in discretionary stocks, pre-earnings positioning, and concerns about slower same-store sales and margin pressure rather than a single new company-specific issue. Why Chipotle Mexican Grill (CMG) Stock Is Down Today
• Negative Sentiment: Chipotle has also been mentioned in headlines about sector-wide food-safety concerns hitting Taco Bell traffic, which has spilled over to restaurant peers and added to investor caution around CMG. YUM, CMG, SG Stocks Slide — Taco Bell Traffic Reportedly Takes A Hit After Parasite Outbreak, Dragging Restaurant Peers Lower

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $25,000. MV Capital Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $26,000. Osbon Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $28,000. Merkkuri Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $28,000. Finally, Rule One Partners LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $32,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 0.6%

Shares of CMG opened at $33.33 on Friday. The firm has a market cap of $42.75 billion, a PE ratio of 30.58, a P/E/G ratio of 2.17 and a beta of 0.97. Chipotle Mexican Grill has a 1-year low of $28.03 and a 1-year high of $53.03. The firm has a fifty day simple moving average of $32.63 and a two-hundred day simple moving average of $34.84.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Chipotle Mexican Grill will post 1.13 EPS for the current fiscal year.

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.