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

Chipotle Mexican Grill (NYSE:CMG) had its target price dropped by analysts at Stifel Nicolaus from $68.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 36.21% from the company’s previous close.

A number of other equities research analysts have also weighed in on CMG. Barclays lowered their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Truist Financial upped their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Citigroup upped their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, Evercore ISI upped their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.74.

Chipotle Mexican Grill Trading Down 3.9 %

NYSE CMG opened at $47.72 on Wednesday. Chipotle Mexican Grill has a 1-year low of $47.55 and a 1-year high of $69.26. The stock has a 50-day moving average of $55.05 and a 200-day moving average of $57.84. The firm has a market cap of $64.68 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its stake in 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 valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC boosted its stake in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 valued at $1,220,290,000 after purchasing an additional 166,767 shares during the last quarter. Norges Bank purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $1,093,345,000. Finally, Northern Trust Corp boosted its stake in Chipotle Mexican Grill by 11.1% during 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 during the last quarter. 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.