Chipotle Mexican Grill (NYSE:CMG) Upgraded at Loop Capital

Chipotle Mexican Grill (NYSE:CMG) was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports. The firm presently has a $65.00 price target on the restaurant operator’s stock, up from their prior price target of $58.00. Loop Capital’s price objective indicates a potential upside of 33.47% from the stock’s current price.

Several other equities research analysts have also recently commented on CMG. Oppenheimer boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Truist Financial upped their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Evercore ISI increased their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.85.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $48.70 on Friday. The stock has a 50-day simple moving average of $55.63 and a 200 day simple moving average of $57.94. Chipotle Mexican Grill has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a market cap of $66.00 billion, a PE ratio of 43.87, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, research analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of large investors have recently bought and sold shares of CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at about $37,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $38,000. Finally, Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $45,000. 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.