Brokerages Set Chipotle Mexican Grill, Inc. (NYSE:CMG) PT at $43.86

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given an average rating of “Moderate Buy” by the thirty-three analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $43.8571.

Several equities research analysts have issued reports on the company. Piper Sandler dropped their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Barclays reduced their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $38.00 to $35.00 in a research note on Friday, June 5th. Finally, BNP Paribas Exane increased their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th.

Chipotle Mexican Grill Stock Down 0.7%

NYSE CMG opened at $31.79 on Friday. The firm has a market cap of $40.78 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.97. The company’s 50 day moving average is $32.62 and its 200-day moving average is $34.74. Chipotle Mexican Grill has a 12-month low of $28.03 and a 12-month high of $47.18.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm earned $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tema ETFs LLC increased its holdings in Chipotle Mexican Grill by 14.7% during the 2nd quarter. Tema ETFs LLC now owns 27,336 shares of the restaurant operator’s stock worth $929,000 after acquiring an additional 3,511 shares during the period. Handelsbanken Fonder AB lifted its stake in Chipotle Mexican Grill by 2.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 385,156 shares of the restaurant operator’s stock worth $13,095,000 after purchasing an additional 7,829 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Chipotle Mexican Grill by 7.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,921 shares of the restaurant operator’s stock valued at $337,000 after purchasing an additional 671 shares during the period. Allied Private Wealth LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $44,000. Finally, Everhart Financial Group Inc. grew its position in shares of Chipotle Mexican Grill by 10.3% during the 2nd quarter. Everhart Financial Group Inc. now owns 14,011 shares of the restaurant operator’s stock valued at $476,000 after purchasing an additional 1,306 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

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.