Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 1.3%

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) rose 1.3% during trading on Tuesday . The company traded as high as $52.15 and last traded at $51.63. Approximately 4,697,621 shares changed hands during trading, a decline of 67% from the average daily volume of 14,261,305 shares. The stock had previously closed at $50.97.

Analysts Set New Price Targets

CMG has been the topic of a number of analyst reports. Piper Sandler dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Argus boosted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Citigroup lowered their target price on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Chipotle Mexican Grill Price Performance

The stock’s 50-day moving average is $125.11 and its two-hundred day moving average is $80.05. The stock has a market cap of $71.00 billion, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $12.65 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC raised its stake in shares of Chipotle Mexican Grill by 11.8% in the first quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 4 shares during the period. Evermay Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists raised its stake in shares of Chipotle Mexican Grill by 0.3% in the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after acquiring an additional 4 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after acquiring an additional 4 shares during the period. Finally, Diversified Trust Co raised its stake in shares of Chipotle Mexican Grill by 0.9% in the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock valued at $1,378,000 after acquiring an additional 4 shares during the period. 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.