Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $57.00 by Analysts at TD Securities

Chipotle Mexican Grill (NYSE:CMG) had its price target reduced by TD Securities from $60.00 to $57.00 in a research report sent to investors on Thursday morning,Benzinga reports. TD Securities currently has a buy rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered 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. Truist Financial dropped their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Finally, Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.96.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $49.50 on Thursday. Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $69.26. The business’s 50-day simple moving average is $50.16 and its 200-day simple moving average is $56.33. The firm has a market capitalization of $67.09 billion, a PE ratio of 44.59, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $31,000. HighMark Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $31,000. Sound Income Strategies LLC boosted its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. 91.31% of the stock is owned by institutional investors.

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.