Stifel Nicolaus Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $65.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its target price reduced by Stifel Nicolaus from $68.00 to $65.00 in a report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the restaurant operator's stock.

Several other analysts have also recently commented on CMG. Evercore ISI raised their target price 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. Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Truist Financial raised their target price 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. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Finally, Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

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Chipotle Mexican Grill Stock Down 1.0 %

NYSE CMG traded down $0.48 on Wednesday, hitting $48.52. The stock had a trading volume of 19,453,617 shares, compared to its average volume of 13,042,322. The company's 50-day moving average is $54.53 and its two-hundred day moving average is $57.72. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently bought and sold shares of CMG. United Bank raised its holdings in Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator's stock valued at $2,123,000 after buying an additional 4,451 shares in the last quarter. Caprock Group LLC raised its holdings in Chipotle Mexican Grill by 13.3% during the third quarter. Caprock Group LLC now owns 35,899 shares of the restaurant operator's stock valued at $2,069,000 after buying an additional 4,205 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Chipotle Mexican Grill during the third quarter valued at about $2,838,000. Parnassus Investments LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at about $964,000. Finally, Premier Fund Managers Ltd bought a new position in Chipotle Mexican Grill during the third quarter valued at about $57,335,000. 91.31% of the stock is currently owned by institutional investors.

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.