Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $65.00 by Analysts at Stifel Nicolaus

Chipotle Mexican Grill (NYSE:CMG) had its price target dropped by investment analysts at Stifel Nicolaus from $68.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 32.65% from the company’s previous close.

A number of other research analysts have also recently weighed in on CMG. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Stephens reduced their price target on 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. Wedbush lowered their price target 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. Piper Sandler cut their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays decreased their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Eight equities research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Stock Up 0.0 %

Chipotle Mexican Grill stock opened at $49.00 on Wednesday. The business’s 50-day moving average price is $54.69 and its 200 day moving average price is $57.71. The firm has a market cap of $66.41 billion, a price-to-earnings ratio of 44.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 52 week low of $47.55 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 net margin of 13.56% and a return on equity of 42.92%. Equities analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Several large investors have recently added to or reduced their stakes in the stock. United Bank grew its holdings in shares of Chipotle Mexican Grill by 13.7% in the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after purchasing an additional 4,451 shares during the period. Caprock Group LLC boosted its holdings in Chipotle Mexican Grill by 13.3% in the 3rd quarter. Caprock Group LLC now owns 35,899 shares of the restaurant operator’s stock valued at $2,069,000 after purchasing an additional 4,205 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $2,838,000. Parnassus Investments LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $964,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $57,335,000. 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.