Chipotle Mexican Grill (NYSE:CMG) Price Target Lowered to $69.00 at Raymond James

Chipotle Mexican Grill (NYSE:CMG) had its price target decreased by Raymond James from $72.00 to $69.00 in a research note issued to investors on Tuesday,Benzinga reports. Raymond James currently has an outperform rating on the restaurant operator’s stock.

Several other equities analysts have also commented on the stock. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. TD Cowen boosted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday. Finally, Barclays lifted their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.88.

Chipotle Mexican Grill Stock Down 0.9 %

Shares of Chipotle Mexican Grill stock opened at $57.76 on Tuesday. The business’s fifty day simple moving average is $60.63 and its 200-day simple moving average is $57.72. The firm has a market cap of $78.70 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill has a 52 week low of $46.29 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMG. Stiles Financial Services Inc lifted its position in Chipotle Mexican Grill by 6.0% in the fourth quarter. Stiles Financial Services Inc now owns 9,950 shares of the restaurant operator’s stock valued at $600,000 after acquiring an additional 560 shares during the last quarter. Martin Capital Advisors LLP increased its position in shares of Chipotle Mexican Grill by 1.5% during the fourth quarter. Martin Capital Advisors LLP now owns 38,194 shares of the restaurant operator’s stock worth $2,303,000 after purchasing an additional 550 shares in the last quarter. 17 Capital Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 1.6% in the 4th quarter. 17 Capital Partners LLC now owns 14,467 shares of the restaurant operator’s stock valued at $872,000 after purchasing an additional 225 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $691,000. Finally, Kestra Private Wealth Services LLC grew its stake in Chipotle Mexican Grill by 16.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 210,470 shares of the restaurant operator’s stock worth $12,691,000 after buying an additional 29,566 shares during the last quarter. Institutional investors and hedge funds 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.