Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $67.00

Chipotle Mexican Grill (NYSE:CMG) had its target price cut by Deutsche Bank Aktiengesellschaft from $72.00 to $67.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on CMG. Oppenheimer lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an outperform rating for the company in a research report on Thursday. Argus upped their target price on Chipotle Mexican Grill from $73.36 to $77.76 and gave the company a buy rating in a report on Tuesday, June 18th. TD Cowen cut their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a buy rating on the stock in a report on Thursday. Jefferies Financial Group boosted their price objective on Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Finally, Piper Sandler dropped their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a neutral rating on the stock in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $62.88.

Chipotle Mexican Grill Trading Down 1.9 %

Shares of CMG opened at $49.83 on Thursday. Chipotle Mexican Grill has a 52 week low of $35.37 and a 52 week high of $69.26. The firm has a market cap of $68.43 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 2.00 and a beta of 1.24. The stock has a 50 day moving average of $125.36 and a 200-day moving average of $79.76.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $12.65 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMG. Bank of New York Mellon Corp boosted its position in shares of Chipotle Mexican Grill by 4,816.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Chipotle Mexican Grill by 4,260.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock worth $196,241,000 after purchasing an additional 3,060,498 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Chipotle Mexican Grill by 3,988.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,996,492 shares of the restaurant operator’s stock valued at $187,730,000 after purchasing an additional 2,923,203 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock worth $7,942,665,000 after buying an additional 25,238 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Chipotle Mexican Grill by 5,217.4% during the second quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock worth $95,767,000 after buying an additional 1,499,857 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

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.