Chipotle Mexican Grill (NYSE:CMG – Get Rating) was downgraded from a “buy” rating to a “hold” rating by equity analysts at StockNews.com in a research report issued to clients and investors on Wednesday.
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A number of other analysts have also recently commented on the company. Barclays lowered its target price on Chipotle Mexican Grill to $1,450.00 from $1,510.00 and put the company at an “break even” rating in a report on Thursday, January 5. The Royal Bank of Canada raised its target price on Chipotle Mexican Grill to $1,850.00 from $1,825.00 and gave the stock an outperform rating in a report on Wednesday, October 26. Stephens lowered its target price on Chipotle Mexican Grill to $1,760.00 from $1,900.00 and listed the company as “overweight” in a report Wednesday, October 26. Morgan Stanley downgraded shares of Chipotle Mexican Grill from an “overweight” rating to an “equal weight” rating and lowered the price target for the company to 1,664 from $1,847.00 in a report Tuesday, January 17. $00. Finally, Citigroup raised its price target for shares of Chipotle Mexican Grill to $1,888.00 in a research report on Thursday, October 27. Six research analysts have rated the stock with a hold and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $1,811.84.
Chipotle Mexican Grill value for money
CMG opened at $1,595.09 on Wednesday. The stock has a market cap of $44.22 billion, a price-to-earnings ratio of 55.52, a price-to-earnings-to-growth ratio of 1.36 and a beta of 1.26. Chipotle Mexican Grill has a 12-month low of $1,196.28 and a 12-month high of $1,754.56. The company has a 50-day moving average of $1,489.24 and a two-hundred-day moving average of $1,523.23.
Chipotle Mexican Grill (NYSE:CMG – Get Rating) last announced its earnings results on Tuesday, October 25th. The restaurant operator reported earnings per share (EPS) of $9.51 for the quarter, beating analyst consensus estimates of $9.11 by $0.40. The company had revenue of $2.22 billion for 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 Chipotle Mexican Grill to report earnings per share of 33.34 for the current year.
Hedge funds bet on Chipotle Mexican Grill
Several large investors have recently changed their stock holdings. International Assets Investment Management LLC increased its stake in Chipotle Mexican Grill by 185,417.0% during the fourth quarter. International Assets Investment Management LLC now owns 306,103 shares of the restaurant operator’s stock, valued at $1,645,000, after purchasing an additional 305,938 shares last quarter. Ziegler Capital Management LLC acquired a new position in Chipotle Mexican Grill stock valued at approximately $4,131,000 during the fourth quarter. Northstar Advisory Group LLC increased its stake in Chipotle Mexican Grill by 20.2% during the fourth quarter. Northstar Advisory Group LLC now owns 772 shares of the restaurant operator’s stock valued at $1,071,000 after purchasing an additional 130 shares last quarter. Empirical Finance LLC increased its stake in Chipotle Mexican Grill by 9.3% during the fourth quarter. Empirical Finance LLC now owns 732 shares of the restaurant operator’s stock valued at $1,016,000 after purchasing an additional 62 shares last quarter. Finally, the National Bank of Canada FI increased its position in shares of Chipotle Mexican Grill by 49.8% during the fourth quarter. The National Bank of Canada FI now owns 7,498 shares of the restaurant operator, valued at $10,406,000, after purchasing an additional 2,491 shares last quarter. Institutional investors own 93.26% of the company’s shares.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, the Company owned and operated approximately 3,100 restaurants in the United States, Canada, United Kingdom, France, Germany and the rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.
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