TD Securities Has Lowered Expectations for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG - Free Report) had its price objective lowered by TD Securities from $60.00 to $57.00 in a research report report published on Thursday morning,Benzinga reports. TD Securities currently has a buy rating on the restaurant operator's stock.

Other analysts have also issued reports about the company. Royal Bank of Canada dropped their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Wedbush dropped their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Stock Down 1.9 %

Shares of Chipotle Mexican Grill stock traded down $0.99 during midday trading on Thursday, hitting $50.79. The company had a trading volume of 9,778,134 shares, compared to its average volume of 13,457,267. The company has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $56.26. Chipotle Mexican Grill has a 12-month low of $44.46 and a 12-month high of $69.26. The stock has a market cap of $68.84 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.04 and a beta of 1.27.

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. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $13.37 earnings per share. As a group, analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently bought and sold shares of the company. Tortoise Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after buying an additional 176 shares in the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 181 shares during the period. BTC Capital Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after purchasing an additional 184 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. grew its position in Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 218 shares in the last quarter. 91.31% 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.