Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $72.00 by Analysts at TD Cowen

Chipotle Mexican Grill (NYSE:CMG) had its price target trimmed by TD Cowen from $3,600.00 to $72.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on CMG. Raymond James reissued an outperform rating and issued a $66.80 price objective (up from $66.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Stephens increased their price objective on Chipotle Mexican Grill from $60.20 to $61.00 and gave the stock an equal weight rating in a report on Thursday, April 25th. Stifel Nicolaus increased their price objective on Chipotle Mexican Grill from $54.00 to $65.40 and gave the stock a buy rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an overweight rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $47.00 to $54.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $64.02.

Chipotle Mexican Grill Trading Down 98.0 %

NYSE:CMG opened at $65.85 on Wednesday. The firm has a market capitalization of $1.81 billion, a PE ratio of 1.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.25. The stock has a 50 day moving average of $127.42 and a 200-day moving average of $78.06. 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, April 24th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts predict that Chipotle Mexican Grill will post 55.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 125,450 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.29, for a total value of $7,939,579.96. Following the completion of the sale, the insider now directly owns 54,250 shares in the company, valued at $3,433,417.40. The disclosure for this sale can be found here. Insiders have sold 550,750 shares of company stock valued at $35,023,769 over the last three months. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds have recently made changes to their positions in the stock. Railway Pension Investments Ltd bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $1,163,000. Westwood Holdings Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 1.1% in the first quarter. Westwood Holdings Group Inc. now owns 13,490 shares of the restaurant operator’s stock valued at $39,212,000 after buying an additional 149 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Chipotle Mexican Grill by 6.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,082 shares of the restaurant operator’s stock valued at $23,864,000 after buying an additional 464 shares during the period. Alexander Labrunerie & CO. Inc. bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $1,427,000. Finally, Cetera Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 166.4% in the first quarter. Cetera Advisors LLC now owns 1,055 shares of the restaurant operator’s stock valued at $3,067,000 after buying an additional 659 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.