Barclays Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $56.00

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price decreased by equities research analysts at Barclays from $60.00 to $56.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Barclays's price objective would indicate a potential upside of 19.90% from the company's previous close.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada decreased their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Raymond James dropped their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Citigroup dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Stephens reaffirmed an "equal weight" rating and issued a $54.00 target price on shares of Chipotle Mexican Grill in a research report on Monday. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $63.99.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded up $0.18 during midday trading on Tuesday, reaching $46.71. The company had a trading volume of 6,369,385 shares, compared to its average volume of 13,390,186. The firm has a market cap of $63.30 billion, a PE ratio of 42.22, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average price of $50.70 and a 200 day moving average price of $56.50. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after buying an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $715,000. Finally, Vinva Investment Management Ltd grew its stake in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after acquiring an additional 21,864 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

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.

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