Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $67.00 at Deutsche Bank Aktiengesellschaft

Chipotle Mexican Grill (NYSE:CMG) had its target price lowered by stock analysts at Deutsche Bank Aktiengesellschaft from $72.00 to $67.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 33.12% from the stock’s previous close.

CMG has been the topic of several other reports. Raymond James restated an “outperform” rating and set a $70.00 target price (up from $67.00) on shares of Chipotle Mexican Grill in a report on Friday, June 28th. The Goldman Sachs Group assumed coverage on shares of Chipotle Mexican Grill in a report on Thursday, June 13th. They set a “buy” rating and a $74.60 target price on the stock. Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday. Stephens decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Oppenheimer decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $63.97.

Chipotle Mexican Grill Trading Down 2.8 %

Shares of NYSE:CMG traded down $1.45 during mid-day trading on Thursday, reaching $50.33. The stock had a trading volume of 21,493,074 shares, compared to its average volume of 14,107,564. The firm has a market cap of $69.12 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.24. The firm has a 50 day simple moving average of $125.89 and a two-hundred day simple moving average of $79.68. Chipotle Mexican Grill has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. Chipotle Mexican Grill’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company posted $12.65 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill will post 1.1 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, COO Scott Boatwright sold 55,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.72, for a total value of $20,409,003.52. Following the completion of the transaction, the chief executive officer now owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott Boatwright sold 55,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the transaction, the chief operating officer now owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. In the last three months, insiders sold 550,750 shares of company stock valued at $35,023,769. 1.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Chipotle Mexican Grill by 4,260.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after purchasing an additional 3,060,498 shares during the period. Vanguard Group Inc. grew its stake in Chipotle Mexican Grill by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,732,471 shares of the restaurant operator’s stock valued at $7,942,665,000 after purchasing an additional 25,238 shares during the period. Raymond James & Associates grew its stake in Chipotle Mexican Grill by 5,217.4% in the 2nd quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock valued at $95,767,000 after purchasing an additional 1,499,857 shares during the period. New York State Teachers Retirement System grew its stake in shares of Chipotle Mexican Grill by 4,649.4% during the 2nd quarter. New York State Teachers Retirement System now owns 1,322,150 shares of the restaurant operator’s stock worth $82,833,000 after acquiring an additional 1,294,312 shares during the period. Finally, Nicholas Company Inc. grew its stake in shares of Chipotle Mexican Grill by 4,140.2% during the 2nd quarter. Nicholas Company Inc. now owns 1,255,310 shares of the restaurant operator’s stock worth $78,645,000 after acquiring an additional 1,225,705 shares during the period. Institutional investors own 91.31% of the company’s stock.

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.