Guggenheim Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $48.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective cut by research analysts at Guggenheim from $56.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s price objective suggests a potential upside of 2.44% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. UBS Group dropped their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Raymond James lowered their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.60.

Chipotle Mexican Grill Stock Up 0.7 %

CMG opened at $46.86 on Tuesday. The stock has a market cap of $63.51 billion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a fifty day moving average of $50.70 and a 200-day moving average of $56.50.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after buying an additional 8,318,534 shares during the period. Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 29.5% during 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 acquiring an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $315,220,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

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.