Chipotle Mexican Grill (NYSE:CMG) Hits New 52-Week Low - What's Next?

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $47.52 and last traded at $47.40, with a volume of 8124795 shares traded. The stock had previously closed at $50.08.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped 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 report on Thursday, March 20th. Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Monday. Jefferies Financial Group upped their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Finally, KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $66.10.

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Chipotle Mexican Grill Stock Performance

The stock's 50 day simple moving average is $52.93 and its 200 day simple moving average is $57.25. The firm has a market cap of $62.30 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its position in Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after buying an additional 176 shares during the period. Traynor Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after acquiring an additional 181 shares during the period. BTC Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after acquiring an additional 184 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

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.