Robert W. Baird Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $62.00

Chipotle Mexican Grill (NYSE:CMG) had its price target dropped by investment analysts at Robert W. Baird from $68.00 to $62.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s target price would indicate a potential upside of 31.12% from the company’s current price.

A number of other analysts also recently weighed in on CMG. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Raymond James decreased their target price on 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. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $66.10.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $47.29 on Monday. The firm has a 50-day moving average of $53.16 and a two-hundred day moving average of $57.33. The stock has a market cap of $64.09 billion, a P/E ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 1-year low of $44.99 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Private Trust Co. raised its stake in shares of Chipotle Mexican Grill by 13.5% in the first quarter. Legacy Private Trust Co. now owns 45,586 shares of the restaurant operator’s stock worth $2,289,000 after purchasing an additional 5,415 shares during the last quarter. First Hawaiian Bank increased its stake in shares of Chipotle Mexican Grill by 2.3% in the first quarter. First Hawaiian Bank now owns 42,538 shares of the restaurant operator’s stock worth $2,136,000 after purchasing an additional 960 shares in the last quarter. Jacobs & Co. CA lifted its position in shares of Chipotle Mexican Grill by 31.2% during the first quarter. Jacobs & Co. CA now owns 142,166 shares of the restaurant operator’s stock worth $7,138,000 after acquiring an additional 33,773 shares in the last quarter. Park National Corp OH grew its holdings in Chipotle Mexican Grill by 14.2% during the 1st quarter. Park National Corp OH now owns 545,453 shares of the restaurant operator’s stock valued at $27,387,000 after buying an additional 67,669 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $2,035,000. 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.