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

Loop Capital upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from a hold rating to a buy rating in a research report sent to investors on Friday, MarketBeat reports. Loop Capital currently has $65.00 target price on the restaurant operator’s stock, up from their previous target price of $58.00.

Other analysts have also recently issued research reports about the stock. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stephens cut their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Evercore ISI boosted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Citigroup raised their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.85.

Chipotle Mexican Grill Stock Up 2.8 %

Shares of CMG opened at $50.12 on Friday. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 52 week low of $47.98 and a 52 week high of $69.26. The stock’s 50-day moving average price is $55.43 and its 200-day moving average price is $57.94.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $1,093,345,000. Finally, Northern Trust Corp increased its holdings in shares of Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock valued at $870,918,000 after purchasing an additional 1,438,860 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

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.