Barclays Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its target price cut by Barclays from $60.00 to $56.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator's stock.

A number of other equities analysts also recently weighed in on CMG. Stifel Nicolaus dropped their price objective on 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. Truist Financial dropped their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Citigroup cut their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $61.78.

Chipotle Mexican Grill Stock Up 4.8 %

Shares of NYSE CMG traded up $2.39 during trading hours on Tuesday, hitting $51.93. The company had a trading volume of 26,657,351 shares, compared to its average volume of 13,469,142. The stock has a market capitalization of $70.38 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 1-year low of $44.46 and a 1-year high of $69.26. The firm's 50 day moving average is $50.11 and its 200-day moving average is $56.28.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the last quarter. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after buying an additional 166,767 shares in the last quarter. Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $1,093,345,000. Finally, Northern Trust Corp raised its stake in Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after acquiring an additional 1,438,860 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

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.