7 hours Ago By ABMN Staff
Chipotle Mexican Grill ( NYSE:CMG – Get Free Report ) had its price target reduced by research analysts at Stephens from $54.00 to $49.00 in a note issued to investors on Thursday, Benzinga reports.
The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target suggests a potential downside of 5.64% from the company’s previous close.
A number of other equities analysts also recently commented on the company. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.
00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $64.
00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada decreased their price objective on shares of Chipotle Mexican Grill from $70.
00 to $65.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Citigroup cut their target price on Chipotle Mexican Grill from $70.
00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler decreased their price target on Chipotle Mexican Grill from $60.
00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.78. Get Our Latest Analysis on CMG Chipotle Mexican Grill Stock Up 4.
8 % Chipotle Mexican Grill ( NYSE:CMG – Get Free Report ) last released its quarterly earnings data 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. Chipotle Mexican Grill had a return on equity of 42.
92% and a net margin of 13.56%. The firm had revenue of $2.
88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Equities research analysts expect that Chipotle Mexican Grill will post 1.
29 earnings per share for the current fiscal year. Institutional Investors Weigh In On Chipotle Mexican Grill A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $1,093,345,000.
Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter.
DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock valued at $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P.
grew its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.
P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc.
acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. Institutional investors and hedge funds 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. See Also Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter .
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