Chipotle Mexican Grill (NYSE:CMG) Now Covered by Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $55.00 price objective on the restaurant operator’s stock.

CMG has been the subject of several other reports. Barclays decreased their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Truist Financial decreased their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, TD Securities cut their target price on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.37.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $50.61 on Tuesday. The stock has a 50 day simple moving average of $50.12 and a 200 day simple moving average of $54.51. Chipotle Mexican Grill has a 52-week low of $44.46 and a 52-week high of $69.26. The firm has a market capitalization of $68.19 billion, a PE ratio of 45.59, a P/E/G ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the firm earned $13.37 EPS. Chipotle Mexican Grill’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. HighMark Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Finally, North Capital Inc. acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $30,000. 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.