Jefferies Financial Group Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $44.00

Chipotle Mexican Grill (NYSE:CMG) had its price objective trimmed by Jefferies Financial Group from $48.00 to $44.00 in a report issued on Monday,Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

Other analysts also recently issued reports about the stock. TD Cowen reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 19th. TD Securities reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $65.00 in a report on Friday, July 18th. Guggenheim lowered their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Finally, Citigroup lowered their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

Chipotle Mexican Grill Price Performance

CMG stock opened at $41.77 on Monday. The firm’s fifty day simple moving average is $41.12 and its 200-day simple moving average is $47.47. The company has a market capitalization of $56.00 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.99. Chipotle Mexican Grill has a 12 month low of $38.30 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $25,000. Operose Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth about $25,000. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth about $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

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.