Chipotle Mexican Grill (NYSE:CMG – Free Report) had its target price increased by BNP Paribas Exane from $37.00 to $39.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.
Several other brokerages have also weighed in on CMG. DA Davidson initiated coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. KeyCorp cut their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Finally, Argus restated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, February 5th. Twenty-three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $46.60.
Chipotle Mexican Grill Stock Up 3.1%
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 46.59% and a net margin of 11.96%.The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business earned $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Chipotle Mexican Grill will post 1.14 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $26,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $26,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $29,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill News Roundup
Here are the key news stories impacting Chipotle Mexican Grill this week:
- Positive Sentiment: Q1 revenue and comps surprise — Chipotle reported Q1 revenue of about $3.09–$3.1B and a 0.5% same‑store sales gain (transactions turned positive), a surprise after prior weakness; that helped spark the post‑earnings rally. Chipotle reports surprise quarterly sales rise
- Positive Sentiment: Analyst support — TD Cowen reaffirmed a Buy and Stephens raised its price target to $39, adding upward analyst pressure and helping sentiment. TD Cowen Buy Rating Stephens Raises PT to $39
- Positive Sentiment: Menu momentum — Management highlighted success of high‑protein items as a traffic driver and maintained full‑year guidance, which reassured investors about the recovery path. CFO on menu success
- Neutral Sentiment: Margin and EPS pressure — Although sales beat, operating margins and EPS declined year‑over‑year (higher labor and operating costs); investors are weighing top‑line stabilization against profitability headwinds. Earnings call: margins squeezed
- Neutral Sentiment: Testing price promotions — Chipotle will test happy‑hour tacos and other pricing/traffic initiatives; these could boost visits but may pressure average check or margins depending on rollout. Happy hour tacos test
- Negative Sentiment: Mixed analyst reactions & target cuts — Some firms (Barclays, Piper Sandler) trimmed price targets or expressed caution, signaling continued debate over valuation vs. recovery durability. Analyst note roundup (Benzinga)
- Negative Sentiment: Bearish commentary — Critical pieces warn that profitability and growth remain uncertain, keeping downside risk if comps stall or cost pressures persist. Seeking Alpha: less profitable business
About Chipotle Mexican Grill
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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