Chipotle Mexican Grill (NYSE:CMG) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01, Zacks reports. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded up $1.68 during mid-day trading on Wednesday, reaching $48.78. The stock had a trading volume of 21,819,607 shares, compared to its average volume of 13,455,452. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $69.26. The business has a 50 day simple moving average of $50.48 and a 200 day simple moving average of $56.43. The firm has a market capitalization of $66.11 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 2.04 and a beta of 1.27.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. KeyCorp cut their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Raymond James lowered their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $63.99.

Hedge Funds Weigh In On Chipotle Mexican Grill

A hedge fund recently raised its stake in Chipotle Mexican Grill stock. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,804 shares of the restaurant operator's stock after acquiring an additional 214 shares during the quarter. Revolve Wealth Partners LLC's holdings in Chipotle Mexican Grill were worth $290,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 91.31% of the company's stock.

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.

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