Chipotle Mexican Grill (NYSE:CMG) Sets New 1-Year Low – What’s Next?

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s share price hit a new 52-week low on Tuesday . The company traded as low as $47.55 and last traded at $47.87, with a volume of 5679182 shares changing hands. The stock had previously closed at $49.65.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Raymond James reduced their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.85.

Chipotle Mexican Grill Price Performance

The firm’s 50-day moving average price is $55.25 and its 200-day moving average price is $57.89. The stock has a market cap of $65.13 billion, a P/E ratio of 43.30, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC lifted its position in Chipotle Mexican Grill by 1,110.0% during 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. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $38,000. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $37,000. Finally, Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.