Chipotle Mexican Grill (NYSE:CMG) Receives Equal Weight Rating from Stephens

Chipotle Mexican Grill (NYSE:CMG - Get Free Report)'s stock had its "equal weight" rating reaffirmed by research analysts at Stephens in a report released on Monday,Benzinga reports. They presently have a $54.00 price target on the restaurant operator's stock. Stephens' price target suggests a potential upside of 7.84% from the company's previous close.

Several other equities analysts also recently issued reports on CMG. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and lifted their price target for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.96.

Chipotle Mexican Grill Trading Up 1.1 %

Shares of NYSE:CMG traded up $0.54 during trading on Monday, reaching $50.08. The stock had a trading volume of 3,092,450 shares, compared to its average volume of 13,473,374. The company has a market capitalization of $67.87 billion, a P/E ratio of 45.12, a PEG ratio of 2.04 and a beta of 1.27. The firm's 50-day simple moving average is $50.16 and its 200 day simple moving average is $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 released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Equities research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

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

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.