Chipotle Mexican Grill (NYSE:CMG) Stock Price Up 5.2%

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price traded up 5.2% on Tuesday . The company traded as high as $54.91 and last traded at $54.88. 4,212,761 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 14,384,852 shares. The stock had previously closed at $52.18.

Wall Street Analyst Weigh In

Several brokerages have commented on CMG. Loop Capital cut their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. KeyCorp lowered their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Truist Financial lowered their target price on Chipotle Mexican Grill from $74.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Oppenheimer lowered their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Morgan Stanley lifted their target price on Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $62.88.

Chipotle Mexican Grill Price Performance

The firm has a market capitalization of $74.27 billion, a price-to-earnings ratio of 58.38, a P/E/G ratio of 2.23 and a beta of 1.24. The firm’s 50-day simple moving average is $124.11 and its 200 day simple moving average is $80.30.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $12.65 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Chipotle Mexican Grill by 4,260.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after acquiring an additional 3,060,498 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Chipotle Mexican Grill by 3,988.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock valued at $187,730,000 after acquiring an additional 2,923,203 shares during the last quarter. Vanguard Group Inc. boosted its position in Chipotle Mexican Grill by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after acquiring an additional 25,238 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Chipotle Mexican Grill by 4,947.9% during the second quarter. Rhumbline Advisers now owns 2,633,801 shares of the restaurant operator’s stock valued at $165,008,000 after acquiring an additional 2,581,625 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.