Chipotle Mexican Grill (NYSE:CMG) Given New $57.00 Price Target at Evercore ISI

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price dropped by equities research analysts at Evercore ISI from $64.00 to $57.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Evercore ISI's target price suggests a potential upside of 16.86% from the company's current price.

CMG has been the topic of several other research reports. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. TD Securities cut their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday. Oppenheimer boosted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wedbush dropped their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.85.

Chipotle Mexican Grill Stock Performance

CMG opened at $48.78 on Thursday. The business's 50-day simple moving average is $50.31 and its 200-day simple moving average is $56.38. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26. The stock has a market capitalization of $66.11 billion, a P/E ratio of 43.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors have recently added to or reduced their stakes in the company. CNB Bank increased its position in Chipotle Mexican Grill by 4.7% during the first quarter. CNB Bank now owns 19,184 shares of the restaurant operator's stock valued at $963,000 after acquiring an additional 867 shares during the last quarter. HighMark Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. PDS Planning Inc now owns 6,308 shares of the restaurant operator's stock worth $317,000 after purchasing an additional 469 shares during the last quarter. Phillips Wealth Planners LLC grew its position in shares of Chipotle Mexican Grill by 9.4% in the 1st quarter. Phillips Wealth Planners LLC now owns 5,393 shares of the restaurant operator's stock worth $268,000 after buying an additional 463 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $65,000. Hedge funds and other 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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