UBS Group Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $60.00

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target cut by analysts at UBS Group from $65.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. UBS Group's target price would suggest a potential upside of 22.42% from the company's current price.

CMG has been the subject of several other reports. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday. Raymond James cut their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $62.37.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded up $0.25 during trading hours on Thursday, hitting $49.01. 17,264,791 shares of the company's stock traded hands, compared to its average volume of 13,485,681. The stock has a market capitalization of $66.43 billion, a price-to-earnings ratio of 44.14, a PEG 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. The company has a fifty day simple moving average of $50.31 and a 200-day simple moving average of $56.38.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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 net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. On average, analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighMark Wealth Management LLC increased 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 worth $29,000 after buying an additional 371 shares during the period. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter worth $31,000. ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $31,000. Sound Income Strategies LLC raised its stake in shares of 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 acquiring an additional 555 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $38,000. 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.

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