Chipotle Mexican Grill (NYSE:CMG) Price Target Lowered to $61.00 at Stephens

Chipotle Mexican Grill (NYSE:CMG) had its price objective lowered by Stephens from $64.00 to $61.00 in a research report sent to investors on Thursday, Marketbeat.com reports. Stephens currently has an equal weight rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the company an outperform rating in a research note on Thursday, June 27th. TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a buy rating for the company in a research report on Thursday. KeyCorp decreased their price objective on Chipotle Mexican Grill from $3,400.00 to $68.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. Barclays lowered their price objective on Chipotle Mexican Grill from $2,865.00 to $58.00 and set an equal weight rating on the stock in a research note on Wednesday, July 17th. Finally, Wedbush restated a neutral rating and set a $64.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, June 17th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of Moderate Buy and an average target price of $62.88.

Chipotle Mexican Grill Stock Down 1.9 %

Shares of CMG opened at $49.83 on Thursday. The stock’s 50-day moving average price is $125.36 and its 200 day moving average price is $80.01. Chipotle Mexican Grill has a 12-month low of $35.37 and a 12-month high of $69.26. The firm has a market capitalization of $68.43 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 2.00 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $12.65 earnings per share. Equities research analysts expect that Chipotle Mexican Grill will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mutual Advisors LLC boosted its holdings in Chipotle Mexican Grill by 7.6% in the fourth quarter. Mutual Advisors LLC now owns 226 shares of the restaurant operator’s stock valued at $517,000 after acquiring an additional 16 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 12.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,532 shares of the restaurant operator’s stock valued at $10,365,000 after purchasing an additional 503 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,296 shares of the restaurant operator’s stock valued at $5,251,000 after purchasing an additional 10 shares during the last quarter. PFG Investments LLC grew its position in shares of Chipotle Mexican Grill by 11.1% during the 4th quarter. PFG Investments LLC now owns 140 shares of the restaurant operator’s stock worth $320,000 after buying an additional 14 shares during the period. Finally, IFG Advisory LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $249,000. 91.31% of the stock is currently owned by institutional investors.

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.