Robert W. Baird Lowers Chipotle Mexican Grill (NYSE:CMG) Price Target to $56.00

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price objective lowered by Robert W. Baird from $62.00 to $56.00 in a research note published on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the restaurant operator's stock.

CMG has been the subject of a number of other reports. Stephens cut their target price on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday. UBS Group reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Guggenheim dropped their target price on Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Nine 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 company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $61.78.

Chipotle Mexican Grill Trading Down 1.9 %

Shares of NYSE:CMG traded down $0.99 during midday trading on Thursday, reaching $50.79. 9,778,134 shares of the company were exchanged, compared to its average volume of 13,457,267. The stock has a market cap of $68.84 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business's fifty day moving average is $50.11 and its two-hundred day moving average is $56.26. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26.

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

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill in the fourth quarter worth $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $315,220,000. Institutional investors own 91.31% 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.