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

Chipotle Mexican Grill (NYSE:CMG) had its price objective lowered by Stephens from $66.00 to $65.00 in a research note published on Wednesday morning, Benzinga reports. Stephens currently has an equal weight rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on the company. Raymond James cut their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Truist Financial raised their price target on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp cut their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Citigroup raised their price objective on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Chipotle Mexican Grill Trading Up 5.1 %

Shares of NYSE CMG opened at $58.59 on Wednesday. The stock has a market cap of $80.24 billion, a P/E ratio of 54.76, a PEG ratio of 2.41 and a beta of 1.26. Chipotle Mexican Grill has a 12-month low of $39.92 and a 12-month high of $69.26. The business’s fifty day simple moving average is $57.28 and its 200-day simple moving average is $81.30.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,684 shares of company stock valued at $2,817,127. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC lifted its stake in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Covestor Ltd lifted its position in shares of Chipotle Mexican Grill by 6.5% in the 3rd quarter. Covestor Ltd now owns 4,167 shares of the restaurant operator’s stock valued at $240,000 after acquiring an additional 253 shares in the last quarter. 17 Capital Partners LLC lifted its position in shares of Chipotle Mexican Grill by 2.8% in the 3rd quarter. 17 Capital Partners LLC now owns 14,242 shares of the restaurant operator’s stock valued at $821,000 after acquiring an additional 392 shares in the last quarter. Sustainable Insight Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 39.7% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 88,300 shares of the restaurant operator’s stock valued at $5,088,000 after acquiring an additional 25,100 shares in the last quarter. Finally, Carr Financial Group Corp lifted its position in Chipotle Mexican Grill by 12.8% in the 3rd quarter. Carr Financial Group Corp now owns 4,400 shares of the restaurant operator’s stock worth $254,000 after buying an additional 500 shares in the last quarter. 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.