Stifel Nicolaus Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $45.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective cut by Stifel Nicolaus from $50.00 to $45.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on CMG. Mizuho increased their price objective on Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. TD Cowen reissued a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Finally, Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Twenty-two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Trading Up 2.5%

NYSE:CMG opened at $39.42 on Wednesday. The firm has a market capitalization of $51.34 billion, a PE ratio of 34.58, a PEG ratio of 2.47 and a beta of 0.99. Chipotle Mexican Grill has a 1 year low of $29.75 and a 1 year high of $59.09. The firm’s fifty day simple moving average is $37.79 and its 200 day simple moving average is $38.89.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in Chipotle Mexican Grill by 109.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 24,907 shares of the restaurant operator’s stock worth $922,000 after acquiring an additional 12,999 shares during the last quarter. RD Lewis Holdings Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $245,000. Ferguson Johnson Wealth Management Inc acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $222,000. Advisory Alpha LLC raised its position in Chipotle Mexican Grill by 30.8% in the 4th quarter. Advisory Alpha LLC now owns 12,344 shares of the restaurant operator’s stock worth $457,000 after purchasing an additional 2,908 shares during the last quarter. Finally, Evoke Wealth LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $542,000. 91.30% of the stock is owned by institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.