Stifel Nicolaus Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $65.00

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

Several other equities research analysts have also recently issued reports on CMG. Stephens reduced their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Citigroup increased their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Jefferies Financial Group boosted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Price Performance

CMG stock opened at $48.52 on Wednesday. Chipotle Mexican Grill has a 1-year low of $47.55 and a 1-year high of $69.26. The business has a 50 day simple moving average of $54.53 and a two-hundred day simple moving average of $57.66. The company has a market capitalization 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 (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. Sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Chipotle Mexican Grill by 4,138,574.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after acquiring an additional 8,318,534 shares during the period. Alliancebernstein L.P. lifted its stake in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. Institutional investors own 91.31% of the company’s stock.

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.