Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $65.00 by Analysts at Oppenheimer

Chipotle Mexican Grill (NYSE:CMG) had its target price reduced by Oppenheimer from $70.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the stock. UBS Group boosted their price target on Chipotle Mexican Grill from $68.00 to $70.00 and gave the stock a buy rating in a research note on Thursday, April 25th. Guggenheim upped their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a neutral rating in a research note on Wednesday. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $3,270.00 to $70.00 and set a buy rating for the company in a report on Tuesday, July 9th. Argus upped their price objective on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a buy rating in a report on Tuesday, June 18th. Finally, TD Cowen reduced their price target on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a buy rating on the stock in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $62.88.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $50.82 on Thursday. Chipotle Mexican Grill has a 1-year low of $35.37 and a 1-year high of $69.26. The stock has a market cap of $69.79 billion, a PE ratio of 54.07, a P/E/G ratio of 2.07 and a beta of 1.24. The stock’s fifty day moving average is $125.65 and its two-hundred day moving average is $79.48.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 46.17%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company posted $12.65 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds have recently modified their holdings of the stock. Mutual Advisors LLC grew its holdings in Chipotle Mexican Grill by 7.6% during the fourth quarter. Mutual Advisors LLC now owns 226 shares of the restaurant operator’s stock worth $517,000 after purchasing an additional 16 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 12.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,532 shares of the restaurant operator’s stock valued at $10,365,000 after buying an additional 503 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 0.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,296 shares of the restaurant operator’s stock valued at $5,251,000 after buying an additional 10 shares in the last quarter. PFG Investments LLC raised its position in shares of Chipotle Mexican Grill by 11.1% in the fourth quarter. PFG Investments LLC now owns 140 shares of the restaurant operator’s stock valued at $320,000 after buying an additional 14 shares in the last quarter. Finally, IFG Advisory LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $249,000. 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.