Stifel Nicolaus Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $60.00

Key Points

• Chipotle Mexican Grill analysts at Stifel Nicolaus have reduced the price target from $65.00 to $60.00, while maintaining a "buy" rating, indicating a potential upside of 51.68% from the last close.
• The stock is currently trading at $39.56, down 3.7%, with a 52-week range between $39.23 and $66.74, and a market cap of $53.04 billion.
• Overall, there is a consensus rating of "Moderate Buy" for Chipotle, with two analysts giving it a Strong Buy rating and an average price target of $59.76.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price reduced by equities researchers at Stifel Nicolaus from $65.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. Stifel Nicolaus' price objective indicates a potential upside of 55.24% from the stock's previous close.

Other analysts have also issued reports about the stock. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. KeyCorp lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, BTIG Research reiterated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.76.

Chipotle Mexican Grill Trading Down 0.8%

Shares of CMG stock traded down $0.31 during trading on Tuesday, hitting $38.65. The company's stock had a trading volume of 22,287,567 shares, compared to its average volume of 16,994,430. The business has a fifty day moving average of $45.91 and a 200-day moving average of $49.23. Chipotle Mexican Grill has a 52 week low of $38.30 and a 52 week high of $66.74. The company has a market cap of $51.83 billion, a PE ratio of 34.17, a P/E/G ratio of 1.98 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for 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 business's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Ascent Group LLC grew its position in shares of Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator's stock valued at $323,000 after purchasing an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Chipotle Mexican Grill by 0.3% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock valued at $3,326,000 after acquiring an additional 194 shares during the last quarter. Occidental Asset Management LLC increased its holdings in Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator's stock valued at $407,000 after purchasing an additional 195 shares during the period. Perennial Advisors LLC increased its holdings in Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator's stock worth $374,000 after purchasing an additional 200 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of Chipotle Mexican Grill by 2.0% in the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator's stock valued at $593,000 after buying an additional 208 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

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.