Chipotle Mexican Grill’s (CMG) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Thursday morning,Benzinga reports. They currently have a $45.00 target price on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on CMG. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Citigroup cut their price target on Chipotle Mexican Grill from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Evercore restated an “outperform” rating and issued a $47.00 price objective (up from $45.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $38.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday. Twenty-seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.36.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $31.89 on Thursday. Chipotle Mexican Grill has a 52-week low of $27.31 and a 52-week high of $41.42. The firm has a market capitalization of $40.35 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.99 and a beta of 0.96. The stock has a 50 day moving average price of $33.07 and a 200 day moving average price of $34.12.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Chipotle Mexican Grill had a return on equity of 57.05% and a net margin of 10.83%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. Analysts forecast that Chipotle Mexican Grill will post 1.10 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares of the company’s stock, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently bought and sold shares of CMG. Citizens Financial Group Inc. RI raised its position in shares of Chipotle Mexican Grill by 2.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 311 shares in the last quarter. ANB Bank lifted its stake in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock worth $202,000 after purchasing an additional 349 shares during the last quarter. State of Wyoming lifted its stake in shares of Chipotle Mexican Grill by 10.9% during the 1st quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after purchasing an additional 368 shares during the last quarter. Valmark Advisers Inc. boosted its position in Chipotle Mexican Grill by 2.9% during the first quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock valued at $425,000 after purchasing an additional 377 shares in the last quarter. Finally, GM Advisory Group LLC boosted its position in Chipotle Mexican Grill by 7.2% during the first quarter. GM Advisory Group LLC now owns 6,434 shares of the restaurant operator’s stock valued at $206,000 after purchasing an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Trending Headlines about Chipotle Mexican Grill

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

• Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
• Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
• Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.