Chipotle Mexican Grill (NYSE:CMG) Reaches New 52-Week Low – Here’s Why

Chipotle Mexican Grill, Inc. (NYSE:CMG) hit a new 52-week low on Friday . The stock traded as low as $47.52 and last traded at $47.40, with a volume of 8124795 shares. The stock had previously closed at $50.08.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Stephens cut their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group lifted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Chipotle Mexican Grill Price Performance

The company has a market cap of $64.09 billion, a PE ratio of 42.59, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50-day simple moving average of $53.16 and a two-hundred day simple moving average of $57.33.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of the company. United Bank grew its stake in Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after acquiring an additional 4,451 shares during the period. Quarry LP grew its position in shares of Chipotle Mexican Grill by 108.4% in the third quarter. Quarry LP now owns 1,219 shares of the restaurant operator’s stock valued at $70,000 after purchasing an additional 634 shares during the period. Weiss Asset Management LP acquired a new position in Chipotle Mexican Grill in the third quarter valued at $3,124,000. Kovitz Investment Group Partners LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $14,238,000. Finally, EP Wealth Advisors LLC boosted its stake in Chipotle Mexican Grill by 1.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 45,313 shares of the restaurant operator’s stock worth $2,611,000 after buying an additional 866 shares during the last quarter. Institutional investors and hedge funds 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.