Jefferies Financial Group Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Key Points

• Jefferies Financial Group has lowered its target price for Chipotle Mexican Grill from $48.00 to $44.00, maintaining a "hold" rating on the stock.
• Despite the pessimistic forecast, Chipotle's stock saw a 2.7% increase during trading on Monday, reaching $40.91 with significant trading volume.
• Analysts show a mixed sentiment with a current average rating of "Moderate Buy" and an average price target of $58.31, reflecting a range of ratings from "Strong Buy" to "Hold."

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price reduced by equities research analysts at Jefferies Financial Group from $48.00 to $44.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the restaurant operator's stock. Jefferies Financial Group's price target points to a potential upside of 7.56% from the company's previous close.

CMG has been the topic of several other research reports. Stephens reaffirmed an "equal weight" rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Evercore ISI dropped their price target on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 7th. Citigroup dropped their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Piper Sandler upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $58.31.

Chipotle Mexican Grill Stock Up 2.7%

NYSE:CMG traded up $1.09 during trading hours on Monday, reaching $40.91. 5,046,251 shares of the stock were exchanged, compared to its average volume of 15,186,882. The company has a market capitalization of $54.85 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.04 and a beta of 0.99. Chipotle Mexican Grill has a twelve month low of $38.30 and a twelve month high of $66.74. The business has a 50-day moving average of $41.18 and a two-hundred day moving average of $47.61.

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

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascent Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 3.5% in the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator's stock worth $323,000 after purchasing an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in Chipotle Mexican Grill by 0.3% in the second 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 buying an additional 194 shares during the last quarter. Occidental Asset Management LLC lifted its stake 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 buying an additional 195 shares during the last quarter. Perennial Advisors LLC lifted its stake 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 valued at $374,000 after buying an additional 200 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in Chipotle Mexican Grill by 2.0% in the second 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 last quarter. Institutional investors and hedge funds own 91.30% 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.

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