Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $55.00 by Analysts at Guggenheim

Chipotle Mexican Grill (NYSE:CMG) had its target price lifted by Guggenheim from $54.50 to $55.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of Chipotle Mexican Grill from $67.38 to $71.00 and gave the company a buy rating in a report on Friday, July 12th. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the company an outperform rating in a research note on Thursday, June 27th. TD Cowen decreased their price target on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set a buy rating on the stock in a research note on Wednesday, June 26th. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set an outperform rating on the stock in a research note on Tuesday, July 16th. Finally, BTIG Research upped their price target on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a buy rating in a research note on Thursday, April 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $62.88.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $49.83 on Wednesday. The firm’s 50-day moving average is $125.36 and its 200-day moving average is $79.76. The stock has a market cap of $68.43 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 2.04 and a beta of 1.24. Chipotle Mexican Grill has a 52-week low of $35.37 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. Chipotle Mexican Grill’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.65 EPS. Sell-side analysts predict that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC lifted its stake in Chipotle Mexican Grill by 11.8% in the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 4 shares during the last quarter. Evermay Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after purchasing an additional 4 shares during the last quarter. Peloton Wealth Strategists lifted its stake in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after purchasing an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Chipotle Mexican Grill by 19.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 4 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Chipotle Mexican Grill by 0.9% in the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after purchasing an additional 4 shares during the last quarter. Institutional investors 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.