Robert W. Baird Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $62.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price objective cut by Robert W. Baird from $68.00 to $62.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the restaurant operator's stock.

A number of other equities research analysts have also commented on the stock. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Finally, Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, December 16th. Eight 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.10.

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Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG traded down $0.55 during trading hours on Monday, hitting $49.72. The company had a trading volume of 7,821,523 shares, compared to its average volume of 13,399,363. Chipotle Mexican Grill has a 52-week low of $44.46 and a 52-week high of $69.26. The stock's 50 day moving average price is $51.97 and its 200 day moving average price is $56.95. The firm has a market cap of $67.38 billion, a P/E ratio of 44.66, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates 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, research analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC grew its position in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $45,000. 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.