Stephens Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $60.00

Chipotle Mexican Grill (NYSE:CMG) had its price target decreased by Stephens from $61.00 to $60.00 in a report released on Wednesday,Benzinga reports. Stephens currently has an equal weight rating on the restaurant operator’s stock.

Several other research analysts have also commented on CMG. Wedbush decreased their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $57.29 on Wednesday. Chipotle Mexican Grill has a one year low of $47.98 and a one year high of $69.26. The company has a 50-day simple moving average of $60.17 and a 200-day simple moving average of $57.83. The firm has a market capitalization of $78.06 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

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

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.02% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently made changes to their positions in CMG. Sanctuary Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $186,000. Czech National Bank increased its position in shares of Chipotle Mexican Grill by 6.6% in the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock worth $16,075,000 after acquiring an additional 17,276 shares in the last quarter. Mather Group LLC. increased its position in shares of Chipotle Mexican Grill by 4,408.4% in the third quarter. Mather Group LLC. now owns 12,398 shares of the restaurant operator’s stock worth $714,000 after acquiring an additional 12,123 shares in the last quarter. Kesler Norman & Wride LLC purchased a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $708,000. Finally, Axiom Advisory LLC increased its position in shares of Chipotle Mexican Grill by 1,423.8% in the third quarter. Axiom Advisory LLC now owns 9,600 shares of the restaurant operator’s stock worth $531,000 after acquiring an additional 8,970 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

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.