Stephens Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price objective lowered by analysts at Stephens from $54.00 to $49.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Stephens' price objective would indicate a potential upside of 0.46% from the stock's current price.

A number of other research firms also recently weighed in on CMG. Robert W. Baird dropped their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. KeyCorp dropped their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, 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 research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $63.58.

Chipotle Mexican Grill Price Performance

CMG stock opened at $48.78 on Thursday. The firm has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $56.38. The stock has a market cap of $66.11 billion, a PE ratio of 43.93, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. On average, research analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently added to or reduced their stakes in CMG. HighMark Wealth Management LLC grew its holdings 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 worth $29,000 after acquiring an additional 371 shares during the period. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $31,000. Sound Income Strategies LLC increased its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th 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 last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. 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.

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