Chipotle Mexican Grill (NYSE:CMG) Given New $65.00 Price Target at Morgan Stanley

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target reduced by analysts at Morgan Stanley from $67.00 to $65.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. Morgan Stanley's target price would suggest a potential upside of 25.17% from the company's current price.

Several other research analysts have also recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Guggenheim reduced their target price on Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Eight equities research 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.78.

Chipotle Mexican Grill Stock Up 4.8 %

Chipotle Mexican Grill stock traded up $2.39 during midday trading on Thursday, reaching $51.93. The company's stock had a trading volume of 26,657,351 shares, compared to its average volume of 13,469,142. The company has a market cap of $70.38 billion, a P/E ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. The business has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $56.28. 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 issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently bought and sold shares of CMG. Tortoise Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after purchasing an additional 176 shares during the period. Traynor Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after acquiring an additional 181 shares in the last quarter. BTC Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds 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.