Stifel Nicolaus Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG) had its price objective lowered by Stifel Nicolaus from $68.00 to $65.00 in a research report report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on the stock. Oppenheimer increased their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Piper Sandler lowered their price objective on 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. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Wedbush lowered their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Trading Down 1.0 %

CMG opened at $48.52 on Wednesday. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 12 month low of $47.55 and a 12 month high of $69.26. The stock has a fifty day moving average price of $54.53 and a 200-day moving average price of $57.66.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts forecast that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds have recently bought and sold shares of CMG. Golden State Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $371,000. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $315,220,000. U.S. Capital Wealth Advisors LLC boosted its stake 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 acquiring an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $715,000. Finally, Vinva Investment Management Ltd grew its position in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after acquiring an additional 21,864 shares during the period. Hedge funds and other institutional investors 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.