Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $1,812.33.

Several brokerages have recently commented on CMG. StockNews.com raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research report on Tuesday. Barclays cut their target price on shares of Chipotle Mexican Grill from $1,510.00 to $1,450.00 and set an “equal weight” rating on the stock in a report on Thursday, January 5th. KeyCorp raised their target price on shares of Chipotle Mexican Grill from $1,750.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. Citigroup raised their target price on shares of Chipotle Mexican Grill to $1,888.00 in a report on Thursday, October 27th. Finally, Stephens cut their target price on shares of Chipotle Mexican Grill from $1,900.00 to $1,760.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th.

Chipotle Mexican Grill Stock Up 3.4 %

CMG opened at $1,555.19 on Friday. The firm has a market capitalization of $43.11 billion, a P/E ratio of 54.13, a P/E/G ratio of 1.33 and a beta of 1.26. The firm’s 50 day moving average is $1,486.13 and its 200-day moving average is $1,517.38. Chipotle Mexican Grill has a 52-week low of $1,196.28 and a 52-week high of $1,754.56.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its earnings results on Tuesday, October 25th. The restaurant operator reported $9.51 earnings per share for the quarter, topping the consensus estimate of $9.11 by $0.40. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Chipotle Mexican Grill had a net margin of 9.61% and a return on equity of 38.03%. Equities analysts expect that Chipotle Mexican Grill will post 33.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently modified their holdings of the stock. FourThought Financial LLC increased its position in Chipotle Mexican Grill by 350.0% in the 3rd quarter. FourThought Financial LLC now owns 18 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Global Wealth Strategies & Associates acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $36,000. Byrne Asset Management LLC increased its holdings in shares of Chipotle Mexican Grill by 52.6% during the 2nd quarter. Byrne Asset Management LLC now owns 29 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 10 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $44,000. Finally, Private Trust Co. NA acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $47,000. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, it owned and operated approximately 3,100 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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