7 hours Ago By Defense World Staff
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its target price cut by stock analysts at TD Securities from $60.00 to $57.00 in a research report issued to clients and investors on Thursday,Benzinga reports.
The firm presently has a “buy” rating on the restaurant operator’s stock. TD Securities’ target price suggests a potential upside of 9.76% from the stock’s current price.
CMG has been the topic of a number of other reports. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.
00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.
00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $60.
00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays reduced their price target on Chipotle Mexican Grill from $60.00 to $56.
00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $70.
00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.
78.Check Out Our Latest Stock Report on Chipotle Mexican GrillChipotle Mexican Grill Price PerformanceShares of NYSE:CMG opened at $51.93 on Thursday.
The company’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 one year low of $44.46 and a one year high of $69.26.
The stock has a market capitalization of $70.38 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 2.
04 and a beta of 1.27. Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd.
The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.
01. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.
98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.
56%. On average, analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.
Institutional Trading of Chipotle Mexican GrillHedge funds have recently added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $31,000. HighMark Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 173.
4% in 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. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter worth about $31,000.
Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% in the fourth 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 during the last quarter.
Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $38,000. 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 AlsoFive stocks we like better than Chipotle Mexican GrillHow to find penny stocks to invest and trade Short Sellers Gave Up on These 3 Names RecentlyHow to Invest in the FAANG Stocks3 Boring Stocks Outperforming the Market This YearWhat is the NASDAQ Stock Exchange?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
