Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-eight analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.78.

A number of equities analysts have commented on CMG shares. Loop Capital reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $49.50 on Friday. The company has a market cap of $67.09 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $50.16 and a 200-day moving average of $56.33. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after buying an additional 395,053 shares during the period. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after buying an additional 166,767 shares during the period. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp increased its position in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after acquiring an additional 1,438,860 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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