Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $1,585.00

Chipotle Mexican Grill (NYSE:CMGGet Rating) had its price objective decreased by Barclays from $1,630.00 to $1,585.00 in a research note published on Wednesday, The Fly reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

A number of other brokerages have also commented on CMG. Morgan Stanley reduced their target price on shares of Chipotle Mexican Grill from $1,920.00 to $1,903.00 and set an overweight rating on the stock in a research report on Wednesday, February 9th. TheStreet raised shares of Chipotle Mexican Grill from a c+ rating to a b rating in a research report on Monday, April 18th. BTIG Research reduced their target price on shares of Chipotle Mexican Grill from $2,150.00 to $1,975.00 and set a buy rating on the stock in a research report on Friday, February 4th. KeyCorp raised their target price on shares of Chipotle Mexican Grill from $1,850.00 to $1,900.00 and gave the stock an overweight rating in a research report on Thursday, April 14th. Finally, Gordon Haskett raised shares of Chipotle Mexican Grill from a hold rating to a buy rating and cut their price objective for the company from $1,800.00 to $1,750.00 in a report on Wednesday, January 26th. Eight research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $1,948.82.

Shares of NYSE CMG opened at $1,455.61 on Wednesday. The company has a market cap of $40.79 billion, a P/E ratio of 60.50, a PEG ratio of 2.34 and a beta of 1.31. Chipotle Mexican Grill has a 1 year low of $1,277.41 and a 1 year high of $1,958.55. The firm has a 50-day simple moving average of $1,523.21 and a two-hundred day simple moving average of $1,611.59.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its earnings results on Tuesday, April 26th. The restaurant operator reported $5.70 EPS for the quarter, topping the Zacks’ consensus estimate of $5.64 by $0.06. Chipotle Mexican Grill had a net margin of 8.74% and a return on equity of 32.88%. During the same quarter last year, the firm earned $5.36 EPS. As a group, research analysts predict that Chipotle Mexican Grill will post 31.47 earnings per share for the current fiscal year.

In other news, insider Marissa Andrada sold 1,456 shares of Chipotle Mexican Grill stock in a transaction on Friday, March 11th. The shares were sold at an average price of $1,480.76, for a total transaction of $2,155,986.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CMG. Norges Bank purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $449,935,000. Allspring Global Investments Holdings LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $418,668,000. BlackRock Inc. increased its holdings in Chipotle Mexican Grill by 9.7% in the fourth quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock valued at $3,442,615,000 after buying an additional 173,771 shares in the last quarter. Capital World Investors increased its holdings in Chipotle Mexican Grill by 16.3% in the fourth quarter. Capital World Investors now owns 841,133 shares of the restaurant operator’s stock valued at $1,470,511,000 after buying an additional 117,699 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Chipotle Mexican Grill by 8,321.5% in the third quarter. Two Sigma Investments LP now owns 82,215 shares of the restaurant operator’s stock valued at $149,427,000 after buying an additional 83,215 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

About Chipotle Mexican Grill (Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

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