Barclays Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $53.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price objective lowered by Barclays from $55.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the restaurant operator's stock.

Several other equities analysts also recently weighed in on the company. Citigroup raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target for the company. Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. reduced their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Nine 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.93.

Chipotle Mexican Grill Trading Up 2.2%

CMG traded up $1.01 during trading on Thursday, reaching $46.75. The stock had a trading volume of 33,787,342 shares, compared to its average volume of 15,530,194. The stock's 50 day moving average is $52.75 and its two-hundred day moving average is $52.62. The company has a market capitalization of $62.98 billion, a price-to-earnings ratio of 41.74, a P/E/G ratio of 2.30 and a beta of 1.08. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, equities research analysts predict that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its stake 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 valued at $29,000 after purchasing an additional 371 shares during the period. 91.31% of the stock is owned by hedge funds and other 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.