Chipotle Mexican Grill (NYSE:CMG) Price Target Lowered to $52.00 at Piper Sandler

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price cut by stock analysts at Piper Sandler from $59.00 to $52.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's target price points to a potential upside of 2.38% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Citigroup cut their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays decreased their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday. Wedbush cut their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, TD Securities lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.99 during trading hours on Thursday, hitting $50.79. The stock had a trading volume of 9,778,134 shares, compared to its average volume of 13,457,522. Chipotle Mexican Grill has a 1-year low of $44.46 and a 1-year high of $69.26. The firm has a market capitalization of $68.84 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.04 and a beta of 1.27. The stock's fifty day simple moving average is $50.11 and its 200 day simple moving average is $56.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.37 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighMark Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares during the period. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. 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.