Raymond James Financial Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG) had its price target dropped by equities research analysts at Raymond James Financial from $43.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Raymond James Financial’s price objective points to a potential upside of 14.61% from the company’s current price.

CMG has been the subject of a number of other reports. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $37.00 to $40.00 in a research report on Friday, March 20th. Argus reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Gordon Haskett cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Twenty-four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $47.00.

Chipotle Mexican Grill Trading Down 0.2%

Shares of Chipotle Mexican Grill stock opened at $35.78 on Tuesday. The company has a fifty day moving average price of $34.89 and a 200 day moving average price of $36.30. Chipotle Mexican Grill has a twelve month low of $29.75 and a twelve month high of $58.42. The stock has a market cap of $46.59 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill will post 1.14 earnings per share for the current year.

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors have recently modified their holdings of the stock. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $26,000. MV Capital Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $26,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

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.