Chipotle Mexican Grill (NYSE:CMG) Price Target Lowered to $55.00 at BMO Capital Markets

Chipotle Mexican Grill (NYSE:CMG) had its target price lowered by BMO Capital Markets from $57.00 to $55.00 in a report issued on Thursday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the restaurant operator’s stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group initiated coverage on Chipotle Mexican Grill in a research report on Thursday, June 13th. They set a buy rating and a $74.60 price target for the company. Stephens decreased their target price on Chipotle Mexican Grill from $64.00 to $61.00 and set an equal weight rating for the company in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a neutral rating in a report on Monday, June 3rd. Truist Financial decreased their target price on Chipotle Mexican Grill from $74.00 to $69.00 and set a buy rating for the company in a report on Thursday. Finally, Evercore ISI decreased their target price on Chipotle Mexican Grill from $3,600.00 to $72.00 and set an outperform rating for the company in a report on Tuesday, July 16th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $62.88.

Chipotle Mexican Grill Stock Down 0.2 %

CMG stock opened at $50.74 on Thursday. The business has a fifty day moving average of $125.65 and a two-hundred day moving average of $79.48. The stock has a market cap of $69.68 billion, a price-to-earnings ratio of 54.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. Chipotle Mexican Grill has a 52-week low of $35.37 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 46.17% and a net margin of 13.23%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $12.65 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.1 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently made changes to their positions in CMG. Mutual Advisors LLC raised its stake in Chipotle Mexican Grill by 7.6% during the 4th quarter. Mutual Advisors LLC now owns 226 shares of the restaurant operator’s stock valued at $517,000 after acquiring an additional 16 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Chipotle Mexican Grill by 12.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,532 shares of the restaurant operator’s stock valued at $10,365,000 after acquiring an additional 503 shares during the last quarter. Pacer Advisors Inc. raised its stake in Chipotle Mexican Grill by 0.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,296 shares of the restaurant operator’s stock valued at $5,251,000 after acquiring an additional 10 shares during the last quarter. PFG Investments LLC raised its stake in Chipotle Mexican Grill by 11.1% during the 4th quarter. PFG Investments LLC now owns 140 shares of the restaurant operator’s stock valued at $320,000 after acquiring an additional 14 shares during the last quarter. Finally, IFG Advisory LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $249,000. Institutional investors and hedge funds 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.