Chipotle Mexican Grill (NYSE:CMG) Trading 3% Higher

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 3% on Wednesday . The company traded as high as $54.22 and last traded at $54.16. 5,047,307 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 14,320,359 shares. The stock had previously closed at $52.57.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMG shares. Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Chipotle Mexican Grill from $72.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays lowered their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. BTIG Research lifted their price objective on Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Piper Sandler lowered their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.88.

Chipotle Mexican Grill Stock Up 3.3 %

The stock has a market cap of $74.60 billion, a P/E ratio of 57.79, a PEG ratio of 2.12 and a beta of 1.24. The business has a 50 day moving average price of $124.89 and a 200 day moving average price of $80.10.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.65 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $25,000. Riverview Trust Co boosted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares in the last quarter. RiverPark Advisors LLC boosted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares in the last quarter. Steph & Co. bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at $29,000. Finally, M&R Capital Management Inc. boosted its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 490 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

About Chipotle Mexican Grill

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.