7 hours Ago By Defense World Staff
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its target price cut by Stephens from $54.00 to $49.00 in a research report issued to clients and investors on Thursday,Benzinga reports.
The firm presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target would indicate a potential downside of 5.64% from the stock’s previous close.
CMG has been the subject of several other research reports. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $62.
00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. KeyCorp reduced their price objective on Chipotle Mexican Grill from $64.00 to $60.
00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Chipotle Mexican Grill from $64.
00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Oppenheimer lifted their target price on Chipotle Mexican Grill from $65.
00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $70.
00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.78.
Read Our Latest Stock 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 P/E ratio of 46.78, a P/E/G ratio of 2.
04 and a beta of 1.27. The firm’s 50-day moving average price is $50.
11 and its two-hundred day moving average price is $56.29. Chipotle Mexican Grill has a 52-week low of $44.
46 and a 52-week high of $69.26. 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 business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.
98 billion. As a group, equities research analysts expect that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.
Institutional Inflows and OutflowsSeveral institutional investors have recently made changes to their positions in CMG. HighMark Wealth Management LLC grew its position in Chipotle Mexican Grill by 173.4% during the 1st quarter.
HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 371 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at $31,000.
Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the period.
Finally, Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at $38,000. 91.31% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Company Profile (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.
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