Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $54.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective decreased by Wedbush from $64.00 to $54.00 in a research report sent to investors on Thursday morning, Benzinga reports. Wedbush currently has a neutral rating on the restaurant operator’s stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $1.08 EPS, Q1 2025 earnings at $0.28 EPS and FY2025 earnings at $1.24 EPS.

Several other brokerages have also issued reports on CMG. Barclays cut their target price on shares of Chipotle Mexican Grill from $2,865.00 to $58.00 and set an equal weight rating for the company in a research report on Wednesday, July 17th. Citigroup upped their price objective on Chipotle Mexican Grill from $67.38 to $71.00 and gave the stock a buy rating in a research note on Friday, July 12th. The Goldman Sachs Group began coverage on Chipotle Mexican Grill in a research report on Thursday, June 13th. They set a buy rating and a $74.60 target price on the stock. BMO Capital Markets upped their price target on Chipotle Mexican Grill from $48.00 to $57.00 and gave the stock a market perform rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $3,270.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, July 9th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $62.88.

Chipotle Mexican Grill Stock Down 1.9 %

Shares of Chipotle Mexican Grill stock opened at $49.83 on Thursday. The company has a market cap of $68.43 billion, a price-to-earnings ratio of 53.17, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. The company’s 50 day moving average is $125.36 and its 200 day moving average is $79.76. Chipotle Mexican Grill has a twelve month low of $35.37 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. During the same quarter in the prior year, the company earned $12.65 earnings per share. Chipotle Mexican Grill’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Chipotle Mexican Grill will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently bought and sold shares of the business. Steph & Co. bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $29,000. Semmax Financial Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 225.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $37,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $37,000. Hedge funds and other 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.