Stifel Nicolaus Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $68.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective dropped by stock analysts at Stifel Nicolaus from $70.00 to $68.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 18.73% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens decreased their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore ISI increased their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Truist Financial raised their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $57.27 on Wednesday. Chipotle Mexican Grill has a 1-year low of $47.98 and a 1-year high of $69.26. The business has a 50 day moving average of $60.27 and a 200 day moving average of $57.84. The company has a market capitalization of $78.04 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth about $31,000. Transcendent Capital Group LLC raised its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $33,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth $35,000. 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.