KeyCorp Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG) had its price target decreased by research analysts at KeyCorp from $66.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target points to a potential upside of 11.75% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Truist Financial boosted their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Stephens restated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. TD Cowen upped their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Loop Capital upped their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Stock Down 0.4 %

CMG stock opened at $57.27 on Wednesday. The firm has a market capitalization of $78.04 billion, a PE ratio of 53.31, a PEG ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a 50-day simple moving average of $60.27 and a two-hundred day simple moving average of $57.84.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, equities research analysts anticipate that Chipotle Mexican Grill will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. raised its stake in shares of Chipotle Mexican Grill by 5.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 50,832 shares of the restaurant operator’s stock worth $3,065,000 after buying an additional 2,408 shares during the period. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Washington Trust Advisors Inc. boosted its holdings in shares of Chipotle Mexican Grill by 27.9% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,302 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 284 shares during the period. Inceptionr LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $499,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. Institutional investors 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.