Robert W. Baird Has Lowered Expectations for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price reduced by stock analysts at Robert W. Baird from $62.00 to $56.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Robert W. Baird's target price suggests a potential upside of 14.81% from the stock's current price.

Several other equities analysts have also commented on CMG. Barclays decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Wedbush lowered their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.37.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $48.78 on Thursday. The business's 50 day simple moving average is $50.31 and its 200 day simple moving average is $56.38. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $69.26. The company has a market capitalization of $66.11 billion, a P/E ratio of 43.93, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released 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 company had revenue of $2.88 billion for 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%. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of CMG. HighMark Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares in the last quarter. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $31,000. ORG Wealth Partners LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% during the fourth 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 period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.

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