Chipotle Mexican Grill (NYSE:CMG) Given New $63.00 Price Target at Loop Capital

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price objective reduced by equities researchers at Loop Capital from $65.00 to $63.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Loop Capital's target price would suggest a potential upside of 23.82% from the stock's previous close.

Several other research analysts have also commented on CMG. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley cut their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday. Truist Financial lowered their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Finally, Stephens lowered their price target on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

Chipotle Mexican Grill Stock Down 1.7 %

Chipotle Mexican Grill stock traded down $0.90 during mid-day trading on Thursday, hitting $50.88. The company had a trading volume of 18,136,291 shares, compared to its average volume of 13,487,833. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $69.26. The business has a fifty day moving average of $50.11 and a 200 day moving average of $56.26. The stock has a market cap of $68.96 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 2.04 and a beta of 1.27.

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, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Institutional Trading of Chipotle Mexican Grill

Several large investors have recently bought and sold shares of CMG. Anchor Investment Management LLC increased its stake in Chipotle Mexican Grill by 7.1% during the 3rd quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator's stock worth $1,505,000 after buying an additional 1,724 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Chipotle Mexican Grill by 1,597.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator's stock worth $3,814,000 after acquiring an additional 62,288 shares in the last quarter. World Investment Advisors LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $4,709,000. Arvest Bank Trust Division purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $359,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $668,000. Institutional investors and hedge funds own 91.31% of the company's stock.

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.