Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $60.00 by Analysts at Barclays

Chipotle Mexican Grill (NYSE:CMG) had its price target trimmed by Barclays from $63.00 to $60.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. BMO Capital Markets upped their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $59.00 to $73.00 in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $57.54 on Wednesday. The firm has a 50-day simple moving average of $60.36 and a 200-day simple moving average of $57.84. Chipotle Mexican Grill has a one year low of $47.98 and a one year high of $69.26. The firm has a market cap of $78.41 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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 net margin of 13.51% and a return on equity of 43.20%. On average, research analysts predict that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CMG. Sanctuary Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $186,000. Czech National Bank boosted its holdings in Chipotle Mexican Grill by 6.6% during the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock worth $16,075,000 after buying an additional 17,276 shares in the last quarter. Mather Group LLC. grew its position in Chipotle Mexican Grill by 4,408.4% during the third quarter. Mather Group LLC. now owns 12,398 shares of the restaurant operator’s stock valued at $714,000 after buying an additional 12,123 shares during the period. Kesler Norman & Wride LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at $708,000. Finally, Axiom Advisory LLC raised its position in shares of Chipotle Mexican Grill by 1,423.8% in the third quarter. Axiom Advisory LLC now owns 9,600 shares of the restaurant operator’s stock worth $531,000 after acquiring an additional 8,970 shares during the period. 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.