Mizuho Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $37.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective lowered by Mizuho from $38.00 to $37.00 in a research report released on Wednesday,Benzinga reports. Mizuho currently has a neutral rating on the restaurant operator’s stock.

Several other analysts have also weighed in on the company. Evercore restated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Robert W. Baird cut their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Finally, Barclays decreased their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday. Twenty-two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Trading Up 2.5%

Shares of NYSE CMG opened at $39.42 on Wednesday. Chipotle Mexican Grill has a 12-month low of $29.75 and a 12-month high of $59.09. The firm’s 50-day moving average price is $37.79 and its 200-day moving average price is $38.89. The stock has a market capitalization of $51.34 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 2.47 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares in the last quarter. Capital World Investors increased its holdings in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after buying an additional 48,398,628 shares during the period. Capital International Investors raised its stake in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after buying an additional 11,471,658 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Chipotle Mexican Grill by 1.9% during the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after buying an additional 606,190 shares during the period. Finally, Geode Capital Management LLC boosted its position in Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after acquiring an additional 325,926 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.