7 hours Ago By Defense World Staff
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its target price lowered by analysts at Robert W. Baird from $62.00 to $56.
00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Robert W.
Baird’s price objective would indicate a potential upside of 7.84% from the company’s current price.Other equities research analysts have also issued reports about the company.
Royal Bank of Canada dropped their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, April 14th.
Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th.
Stephens reduced their price target on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday.
Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday.
Finally, Raymond James cut their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th.
Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.
78.Check Out Our Latest Analysis on Chipotle Mexican GrillChipotle Mexican Grill Stock Up 4.8 %Shares of NYSE CMG opened at $51.
93 on Thursday. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 46.
78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.
Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $69.26.
The firm has a 50-day moving average price of $50.11 and a 200 day moving average price of $56.29.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
28 by $0.01. The firm had revenue of $2.
88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.
92% and a net margin of 13.56%. Equities research analysts expect that Chipotle Mexican Grill will post 1.
29 EPS for the current fiscal year. Hedge Funds Weigh In On Chipotle Mexican GrillSeveral institutional investors have recently added to or reduced their stakes in CMG. HighMark Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 173.
4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares in the last quarter. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $31,000.
ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $31,000. Sound Income Strategies LLC grew its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter.
Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $38,000. Institutional investors own 91.
31% of the company’s stock. About Chipotle Mexican Grill (Get Free Report)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.Featured ArticlesFive stocks we like better than Chipotle Mexican GrillHow to Invest in the Best Canadian Stocks Short Sellers Gave Up on These 3 Names RecentlyOverbought Stocks Explained: Should You Trade Them?3 Boring Stocks Outperforming the Market This YearWhat Are Dividend Challengers?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
