Chipotle Mexican Grill (NYSE:CMG) Price Target Lowered to $67.00 at The Goldman Sachs Group

Chipotle Mexican Grill (NYSE:CMG) had its price target reduced by The Goldman Sachs Group from $74.60 to $67.00 in a research report released on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the restaurant operator’s stock.

Several other research analysts also recently commented on CMG. StockNews.com downgraded Chipotle Mexican Grill from a buy rating to a hold rating in a report on Thursday, July 4th. Stephens decreased their price objective on Chipotle Mexican Grill from $64.00 to $61.00 and set an equal weight rating on the stock in a report on Thursday. Oppenheimer decreased 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 Thursday. KeyCorp decreased their price objective on Chipotle Mexican Grill from $3,400.00 to $68.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. Finally, TD Cowen reduced their price target on Chipotle Mexican Grill from $72.00 to $65.00 and set a buy rating on the stock in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $62.88.

Chipotle Mexican Grill Stock Down 0.2 %

NYSE CMG opened at $50.74 on Thursday. The stock’s 50-day simple moving average is $125.65 and its two-hundred day simple moving average is $79.48. Chipotle Mexican Grill has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a market capitalization of $69.68 billion, a price-to-earnings ratio of 54.07, a PEG ratio of 2.07 and a beta of 1.24.

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

Institutional Trading of Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently bought and sold shares of CMG. 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 acquiring an additional 16 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Chipotle Mexican Grill by 12.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,532 shares of the restaurant operator’s stock worth $10,365,000 after acquiring an additional 503 shares during the period. Pacer Advisors Inc. grew its holdings in Chipotle Mexican Grill by 0.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,296 shares of the restaurant operator’s stock worth $5,251,000 after acquiring an additional 10 shares during the period. PFG Investments LLC grew its holdings in Chipotle Mexican Grill by 11.1% during the fourth quarter. PFG Investments LLC now owns 140 shares of the restaurant operator’s stock worth $320,000 after acquiring an additional 14 shares during the period. Finally, IFG Advisory LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $249,000. 91.31% of the stock is 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.