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Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its target price reduced by stock analysts at Loop Capital from $58.00 to $53.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price objective indicates a potential upside of 6.40% from the stock’s current price.
CMG has been the subject of a number of other reports. The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley increased their target price on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Chipotle Mexican Grill from $72.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.88.
Read Our Latest Research Report on CMG
Chipotle Mexican Grill Stock Performance
NYSE:CMG opened at $49.81 on Thursday. The firm has a 50-day simple moving average of $125.36 and a 200-day simple moving average of $79.52. Chipotle Mexican Grill has a one year low of $35.37 and a one year high of $69.26. The firm has a market cap of $68.41 billion, a P/E ratio of 52.99, a P/E/G ratio of 2.07 and a beta of 1.24.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 46.17%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.65 earnings per share. On average, research analysts predict that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in CMG. Steph & Co. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. Finally, ICA Group Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors 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.
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