Chipotle Mexican Grill, Inc. (NYSE:CMG) Receives $66.67 Consensus Price Target from Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus rating of “Moderate Buy” from the twenty-eight research firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $66.38.

A number of analysts have recently issued reports on the company. Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. KeyCorp dropped 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 report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th.

Chipotle Mexican Grill Trading Up 0.7 %

NYSE CMG opened at $52.04 on Monday. Chipotle Mexican Grill has a 12 month low of $47.55 and a 12 month high of $69.26. The stock has a 50 day moving average of $53.50 and a 200-day moving average of $57.46. The company has a market cap of $70.53 billion, a PE ratio of 46.87, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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%. As a group, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently modified their holdings of CMG. Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the period. Alliancebernstein L.P. boosted its position 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 valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $315,220,000. 91.31% of the stock is owned by 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.