Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $52.00 by Analysts at Piper Sandler

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price objective cut by equities research analysts at Piper Sandler from $59.00 to $52.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's target price points to a potential upside of 0.13% from the stock's current price.

Several other research firms also recently weighed in on CMG. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday. Evercore ISI decreased their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday. Barclays cut their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, TD Securities cut their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Trading Up 4.8 %

NYSE:CMG traded up $2.39 during trading hours on Thursday, reaching $51.93. The company had a trading volume of 26,657,351 shares, compared to its average volume of 13,469,142. The firm has a market cap of $70.38 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27. The firm's 50 day moving average price is $50.11 and its 200-day moving average price is $56.29. Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $69.26.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC raised its holdings in Chipotle Mexican Grill by 7.1% during the 3rd quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator's stock valued at $1,505,000 after buying an additional 1,724 shares during the period. Pine Valley Investments Ltd Liability Co raised its stake in shares of Chipotle Mexican Grill by 1,597.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator's stock valued at $3,814,000 after acquiring an additional 62,288 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $4,709,000. Arvest Bank Trust Division bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $359,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $668,000. 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.