Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $59.00 by Analysts at Piper Sandler

Chipotle Mexican Grill (NYSE:CMG) had its target price reduced by equities research analysts at Piper Sandler from $60.00 to $59.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective points to a potential upside of 2.37% from the company’s previous close.

A number of other research firms have also weighed in on CMG. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. TD Cowen raised their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the company from $59.00 to $73.00 in a research note on Wednesday. Finally, Barclays lowered their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.38.

Chipotle Mexican Grill Trading Down 2.4 %

NYSE:CMG traded down $1.39 during trading hours on Wednesday, hitting $57.63. 13,378,907 shares of the stock traded hands, compared to its average volume of 9,921,655. The firm has a 50 day moving average price of $60.36 and a 200 day moving average price of $57.84. The firm has a market cap of $78.53 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Research analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the company. Verus Capital Partners LLC grew its stake in shares of Chipotle Mexican Grill by 28.8% during the fourth quarter. Verus Capital Partners LLC now owns 34,522 shares of the restaurant operator’s stock valued at $2,082,000 after buying an additional 7,719 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in Chipotle Mexican Grill by 15.2% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 14,400 shares of the restaurant operator’s stock valued at $868,000 after purchasing an additional 1,900 shares during the last quarter. Peloton Wealth Strategists grew its holdings in shares of Chipotle Mexican Grill by 2.2% in the fourth quarter. Peloton Wealth Strategists now owns 64,675 shares of the restaurant operator’s stock worth $3,900,000 after purchasing an additional 1,400 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 54,695 shares of the restaurant operator’s stock valued at $3,298,000 after buying an additional 3,302 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $692,701,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

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.