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

Chipotle Mexican Grill (NYSE:CMG) had its price objective hoisted by Guggenheim from $54.50 to $55.00 in a research note released on Wednesday morning, Benzinga reports. Guggenheim currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts also recently issued reports about the company. Robert W. Baird raised their price objective on Chipotle Mexican Grill from $70.00 to $74.00 and gave the company an outperform rating in a research note on Thursday, June 27th. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $48.00 to $57.00 and gave the stock a market perform rating in a research report on Thursday, April 25th. UBS Group raised their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $3,270.00 to $70.00 and set a buy rating for the company in a research report on Tuesday, July 9th. Finally, Wedbush reissued a neutral rating and set a $64.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $62.88.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $49.83 on Wednesday. Chipotle Mexican Grill has a 1-year low of $35.37 and a 1-year high of $69.26. The company has a market capitalization of $68.43 billion, a P/E ratio of 53.17, a PEG ratio of 2.04 and a beta of 1.24. The business has a 50 day moving average price of $125.36 and a 200 day moving average price of $79.76.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $12.65 EPS. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMG. Mutual Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 7.6% during the fourth quarter. Mutual Advisors LLC now owns 226 shares of the restaurant operator’s stock worth $517,000 after purchasing an additional 16 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Chipotle Mexican Grill by 8.5% during the fourth quarter. Raymond James & Associates now owns 26,646 shares of the restaurant operator’s stock worth $60,938,000 after purchasing an additional 2,093 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $101,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 12.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,532 shares of the restaurant operator’s stock worth $10,365,000 after acquiring an additional 503 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 0.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,296 shares of the restaurant operator’s stock worth $5,251,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds 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.