Chipotle Mexican Grill (NYSE:CMG) Given New $48.00 Price Target at Guggenheim

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price objective dropped by research analysts at Guggenheim from $56.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Guggenheim's target price indicates a potential downside of 7.57% from the stock's current price.

Several other research firms also recently commented on CMG. Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Stephens restated an "equal weight" rating and set a $54.00 price target on shares of Chipotle Mexican Grill in a report on Monday. Barclays decreased their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Cfra raised shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Eight investment 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 a consensus target price of $61.96.

Chipotle Mexican Grill Stock Up 4.8 %

Shares of CMG traded up $2.39 during midday trading on Tuesday, reaching $51.93. 26,657,351 shares of the stock were exchanged, compared to its average volume of 13,482,577. The company has a market cap of $70.38 billion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 12-month low of $44.46 and a 12-month high of $69.26. The firm has a 50 day simple moving average of $50.11 and a 200-day simple moving average of $56.29.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Research analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 7.1% during the third quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator's stock valued at $1,505,000 after purchasing an additional 1,724 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in Chipotle Mexican Grill by 1,597.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator's stock valued at $3,814,000 after buying an additional 62,288 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at $4,709,000. Arvest Bank Trust Division bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth $359,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at $668,000. 91.31% of the stock is owned by institutional investors.

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.