UBS Group Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $65.00

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price decreased by equities research analysts at UBS Group from $70.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. UBS Group's price objective suggests a potential upside of 35.04% from the stock's previous close.

Several other research firms also recently issued reports on CMG. Stifel Nicolaus dropped their price target on 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. Royal Bank of Canada lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. KeyCorp dropped their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Wedbush decreased their target price 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. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $65.42.

Chipotle Mexican Grill Stock Up 0.1 %

Chipotle Mexican Grill stock traded up $0.05 during trading hours on Wednesday, hitting $48.13. The stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,443,023. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market cap of $65.24 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50-day moving average of $50.92 and a two-hundred day moving average of $56.58.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates 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, analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors have recently added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC grew 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 in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after buying an additional 625 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its stake in Chipotle Mexican Grill by 136.2% during the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock valued at $44,000 after buying an additional 500 shares during the period. 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.