Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $54.00 at Wedbush

Chipotle Mexican Grill (NYSE:CMG) had its target price cut by Wedbush from $64.00 to $54.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $1.08 EPS, Q1 2025 earnings at $0.28 EPS and FY2025 earnings at $1.24 EPS.

A number of other brokerages have also issued reports on CMG. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $67.38 to $71.00 and gave the company a buy rating in a report on Friday, July 12th. BTIG Research raised their price target on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a buy rating in a research note on Thursday, April 25th. Argus boosted their price objective on shares of Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a buy rating in a research note on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft raised their target price on Chipotle Mexican Grill from $68.00 to $72.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Finally, Barclays reduced their price target on Chipotle Mexican Grill from $2,865.00 to $58.00 and set an equal weight rating on the stock in a research report on Wednesday, July 17th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $62.88.

Chipotle Mexican Grill Trading Down 1.9 %

Shares of Chipotle Mexican Grill stock opened at $49.83 on Thursday. The firm has a market capitalization of $68.43 billion, a PE ratio of 53.17, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. The firm’s 50 day moving average is $125.36 and its 200 day moving average is $79.76. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $12.65 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 5,674.7% during the second quarter. HB Wealth Management LLC now owns 30,779 shares of the restaurant operator’s stock worth $1,928,000 after acquiring an additional 30,246 shares in the last quarter. Tower View Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Tower View Wealth Management LLC now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. 1834 Investment Advisors Co. lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. 1834 Investment Advisors Co. now owns 3,750 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 3,675 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Chipotle Mexican Grill by 5,122.7% during the second quarter. Strategic Blueprint LLC now owns 90,875 shares of the restaurant operator’s stock valued at $5,693,000 after buying an additional 89,135 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in Chipotle Mexican Grill by 4,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 6,000 shares of the restaurant operator’s stock worth $371,000 after buying an additional 5,880 shares in the last quarter. Institutional investors and hedge funds 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.