Loop Capital Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $63.00

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target reduced by stock analysts at Loop Capital from $65.00 to $63.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the restaurant operator's stock. Loop Capital's price objective suggests a potential upside of 21.32% from the stock's current price.

CMG has been the topic of several other research reports. Stifel Nicolaus dropped 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. Oppenheimer boosted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Evercore ISI reduced their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday. Barclays lowered their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Piper Sandler cut their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.78.

Chipotle Mexican Grill Price Performance

CMG stock traded up $2.39 during trading on Thursday, reaching $51.93. The company had a trading volume of 26,657,351 shares, compared to its average volume of 13,482,577. Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $69.26. The business has a 50 day moving average of $50.11 and a 200 day moving average of $56.29. The company has a market cap of $70.38 billion, a P/E ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its 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 analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth $371,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $315,220,000. U.S. Capital Wealth Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $715,000. Finally, Vinva Investment Management Ltd increased its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after acquiring an additional 21,864 shares in the last quarter. 91.31% of the stock is currently 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.