Chipotle Mexican Grill (NYSE:CMG) Hits New 1-Year Low - Should You Sell?

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $47.55 and last traded at $47.87, with a volume of 5679182 shares trading hands. The stock had previously closed at $49.65.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and raised their price objective for the company from $58.00 to $65.00 in a research note on Friday, March 14th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, December 16th. 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 company's stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

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Chipotle Mexican Grill Stock Performance

The business's 50 day simple moving average is $54.53 and its 200-day simple moving average is $57.66. The company has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, 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 earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently modified their holdings of the business. Alpha DNA Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock valued at $786,000 after purchasing an additional 168 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after purchasing an additional 176 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 181 shares during the last quarter. BTC Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after purchasing an additional 184 shares during the last quarter. Finally, Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds 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.