Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $67.00 at Deutsche Bank Aktiengesellschaft

Chipotle Mexican Grill (NYSE:CMG) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $72.00 to $67.00 in a research note released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts have also issued reports on CMG. Guggenheim lifted their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a neutral rating in a report on Wednesday. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an overweight rating in a research report on Thursday, April 25th. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $70.00 to $74.00 and gave the stock an outperform rating in a research report on Thursday, June 27th. Finally, Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $69.00 and set a buy rating for the company 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 company has a consensus rating of Moderate Buy and a consensus price target of $62.88.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $49.83 on Thursday. The stock’s 50-day moving average is $125.36 and its 200 day moving average is $79.76. Chipotle Mexican Grill has a 1-year low of $35.37 and a 1-year high of $69.26. The company has a market cap of $68.43 billion, a P/E ratio of 53.17, a PEG ratio of 2.00 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 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $12.65 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently modified their holdings of the business. HB Wealth Management LLC boosted its position in Chipotle Mexican Grill by 5,674.7% during the second quarter. HB Wealth Management LLC now owns 30,779 shares of the restaurant operator’s stock worth $1,928,000 after purchasing an additional 30,246 shares in the last quarter. Tower View Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Tower View Wealth Management LLC now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 490 shares during the period. 1834 Investment Advisors Co. lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. 1834 Investment Advisors Co. now owns 3,750 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 3,675 shares in the last quarter. Strategic Blueprint LLC grew its stake in Chipotle Mexican Grill by 5,122.7% in the 2nd quarter. Strategic Blueprint LLC now owns 90,875 shares of the restaurant operator’s stock valued at $5,693,000 after acquiring an additional 89,135 shares during the period. Finally, Rosenberg Matthew Hamilton increased its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 6,000 shares of the restaurant operator’s stock worth $371,000 after acquiring an additional 5,880 shares in the last quarter. 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.