Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $65.00 at Oppenheimer

Chipotle Mexican Grill (NYSE:CMG) had its price objective reduced by Oppenheimer from $70.00 to $65.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

CMG has been the topic of a number of other research reports. KeyCorp dropped their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $68.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. The Goldman Sachs Group started coverage on shares of Chipotle Mexican Grill in a research note on Thursday, June 13th. They set a buy rating and a $74.60 price target on the stock. BTIG Research boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a buy rating in a research report on Thursday, April 25th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $61.00 to $56.00 and set a neutral rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an overweight rating in a research report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $62.88.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $49.83 on Thursday. The stock has a market capitalization of $68.43 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 2.00 and a beta of 1.24. Chipotle Mexican Grill has a 1-year low of $35.37 and a 1-year high of $69.26. The business’s fifty day moving average price is $125.36 and its 200-day moving average price is $79.76.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.65 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently made changes to their positions in the company. Mutual Advisors LLC increased its stake in Chipotle Mexican Grill by 7.6% in the 4th quarter. Mutual Advisors LLC now owns 226 shares of the restaurant operator’s stock worth $517,000 after acquiring an additional 16 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 12.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,532 shares of the restaurant operator’s stock valued at $10,365,000 after purchasing an additional 503 shares in the last quarter. Pacer Advisors Inc. increased its position in Chipotle Mexican Grill by 0.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,296 shares of the restaurant operator’s stock worth $5,251,000 after purchasing an additional 10 shares during the last quarter. PFG Investments LLC raised its stake in Chipotle Mexican Grill by 11.1% during the fourth quarter. PFG Investments LLC now owns 140 shares of the restaurant operator’s stock valued at $320,000 after purchasing an additional 14 shares in the last quarter. Finally, IFG Advisory LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $249,000. 91.31% of the stock is currently owned by hedge funds and other 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.