Chipotle Mexican Grill (NYSE:CMG) Trading Down 0.9%

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares were down 0.9% during mid-day trading on Thursday . The company traded as low as $53.83 and last traded at $53.84. Approximately 3,010,836 shares changed hands during trading, a decline of 79% from the average daily volume of 14,373,332 shares. The stock had previously closed at $54.32.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. Wells Fargo & Company lifted their price target on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. BTIG Research boosted their target price 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. Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. BMO Capital Markets reduced their target price on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Finally, StockNews.com cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.88.

Chipotle Mexican Grill Trading Down 2.6 %

The stock has a market capitalization of $72.68 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24. The company has a 50-day moving average price of $124.72 and a 200 day moving average price of $79.92.

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

Institutional Trading of Chipotle Mexican Grill

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth about $25,000. Riverview Trust Co boosted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC boosted its position in Chipotle Mexican Grill by 4,900.0% during the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $29,000. Finally, M&R Capital Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second 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 during the last quarter. Hedge funds and other institutional investors 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.