Chipotle Mexican Grill (NYSE:CMG) Price Target Lowered to $65.00 at Royal Bank of Canada

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price decreased by equities research analysts at Royal Bank of Canada from $70.00 to $65.00 in a report released on Monday,Benzinga reports. The firm presently has an "outperform" rating on the restaurant operator's stock. Royal Bank of Canada's price target would indicate a potential upside of 35.04% from the stock's previous close.

Several other analysts also recently weighed in on the company. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Morgan Stanley raised shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus target price of $65.42.

Chipotle Mexican Grill Trading Up 0.1 %

Shares of NYSE:CMG traded up $0.05 during trading on Monday, reaching $48.13. The company had a trading volume of 9,352,505 shares, compared to its average volume of 13,443,023. The company has a fifty day moving average of $50.92 and a two-hundred day moving average of $56.58. The stock has a market capitalization of $65.24 billion, a P/E ratio of 43.36, a price-to-earnings-growth 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.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $371,000. Raymond James Financial Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $315,220,000. U.S. Capital Wealth Advisors LLC lifted its holdings in 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 worth $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $715,000. Finally, Vinva Investment Management Ltd increased its holdings in shares of 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 valued at $3,910,000 after acquiring an additional 21,864 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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.