Chipotle Mexican Grill (NYSE:CMG) Price Target Raised to $50.00

by · The Cerbat Gem

Chipotle Mexican Grill (NYSE:CMGFree Report) had its price target raised by Sanford C. Bernstein from $40.00 to $50.00 in a research report report published on Monday,Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Several other research firms have also recently weighed in on CMG. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Stephens lowered their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, September 9th. UBS Group set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, October 31st. Finally, Royal Bank Of Canada dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $49.77.

Check Out Our Latest Analysis on CMG

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $38.88 on Monday. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $59.57. The company has a 50-day simple moving average of $34.27 and a two-hundred day simple moving average of $41.17. The company has a market capitalization of $51.41 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.77 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ascent Group LLC lifted its position in shares of Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 193 shares in the last quarter. E. Ohman J or Asset Management AB lifted its holdings in Chipotle Mexican Grill by 0.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares in the last quarter. Occidental Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares in the last quarter. Perennial Advisors LLC boosted its stake in Chipotle Mexican Grill by 3.1% in the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC grew its holdings in Chipotle Mexican Grill by 2.0% during the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after buying an additional 208 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

More Chipotle Mexican Grill News

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Chipotle Mexican Grill Company Profile

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Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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