Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $65.00

Chipotle Mexican Grill (NYSE:CMG) had its target price cut by TD Cowen from $72.00 to $65.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on Chipotle Mexican Grill from $68.00 to $72.00 and gave the company a buy rating in a research report on Thursday, April 25th. Citigroup upped their target price on Chipotle Mexican Grill from $67.38 to $71.00 and gave the company a buy rating in a research report on Friday, July 12th. Truist Financial boosted their price target on Chipotle Mexican Grill from $68.80 to $70.40 and gave the company a buy rating in a research note on Wednesday, May 29th. Barclays cut their price target on Chipotle Mexican Grill from $2,865.00 to $58.00 and set an equal weight rating for the company in a research note on Wednesday, July 17th. Finally, Piper Sandler cut their price target on Chipotle Mexican Grill from $61.00 to $56.00 and set a neutral rating for the company in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $62.88.

Chipotle Mexican Grill Stock Down 1.9 %

Shares of NYSE CMG opened at $49.83 on Thursday. Chipotle Mexican Grill has a twelve month low of $35.37 and a twelve month high of $69.26. The business’s 50 day moving average price is $125.36 and its two-hundred day moving average price is $80.01. The company has a market cap of $68.43 billion, a PE ratio of 53.17, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business earned $12.65 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill will post 1.09 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently bought and sold shares of CMG. Moody National Bank Trust Division grew its holdings in Chipotle Mexican Grill by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 490 shares of the restaurant operator’s stock worth $1,424,000 after acquiring an additional 5 shares during the period. Perpetual Ltd acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $730,000. GAMMA Investing LLC grew its stake in shares of Chipotle Mexican Grill by 27.6% in the 1st quarter. GAMMA Investing LLC now owns 250 shares of the restaurant operator’s stock valued at $727,000 after buying an additional 54 shares during the period. M&G Plc acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $9,221,000. Finally, Gulf International Bank UK Ltd grew its stake in shares of Chipotle Mexican Grill by 0.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 2,281 shares of the restaurant operator’s stock valued at $6,630,000 after buying an additional 15 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.