Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $60.00 by Analysts at UBS Group

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its target price cut by stock analysts at UBS Group from $65.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. UBS Group's target price suggests a potential upside of 17.92% from the stock's current price.

Several other equities analysts have also recently issued reports on CMG. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday. KeyCorp lowered their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and upped their target price for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Stock Down 1.7 %

Shares of CMG traded down $0.90 during mid-day trading on Thursday, hitting $50.88. 18,136,287 shares of the company's stock were exchanged, compared to its average volume of 13,487,806. Chipotle Mexican Grill has a 52 week low of $44.46 and a 52 week high of $69.26. The stock's 50-day simple moving average is $50.11 and its 200-day simple moving average is $56.26. The firm has a market cap of $68.96 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm posted $13.37 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMG. Golden State Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $371,000. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $715,000. Finally, Vinva Investment Management Ltd raised its position in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after purchasing an additional 21,864 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

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.